# French catering group Sodexo lags Q3 sales expectations
Published: 2024-07-02
Category: News
Category URL: https://tradingherald.com/category/news/
Meta Title: Sodexo lags Q3 sales expectations, cites project works ch...
Meta Description: French catering group Sodexo reports lower than expected third-quarter sales due to accounting changes, but remains optimistic for 2024. Get the details here.
URL: https://tradingherald.com/french-catering-group-sodexo-lags-q3-sales-expectations/

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## French catering group Sodexo lags Q3 sales expectations

(Reuters) – French food caterer Sodexo reported slightly lower than expected third-quarter sales on Tuesday, citing a change in how it accounts for project works related to a large contract in its Rest of the World segment.

Its third-quarter revenue rose 6.8% organically from a year earlier to 6.07 billion euros ($6.51 [billion),](https://tradingherald.com/swiss-forex-reserves-down-in-september/) missing a consensus forecast of 6.11 billion euros provided by the company.

The group, which will provide [catering](https://tradingherald.com/catering-group-sodexo-targets-operating-margin-above-6-in-2025/) for the Paris Olympic Games and the Paralympics this summer, also confirmed its 2024 outlook.

($1 = 0.9319 [euros)](https://tradingherald.com/italian-hearing-aid-maker-amplifon-expects-higher-2023-earnings/)

(Reporting by Dimitri Rhodes and Diana Mandiá in Gdansk; editing by Milla Nissi)


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