Reported about 1 month ago
French caterer Sodexo predicts a decline in organic sales growth to 5.5%-6.5% in fiscal 2025, despite achieving a 7.9% increase in the previous year. The company attributes this to new contracts, pricing strategies, and positive volume growth, even as post-COVID recovery slows. While Sodexo has reported record contract acquisitions, it is also facing retention challenges due to the loss of a major contract and two smaller ones. The company plans to increase prices by 3% in 2025.
Source: YAHOO