Report
Food Services: Review of Q3 revenue in food services: Better-than-anticipated numbers after challenging quarters
Food ServicesReview of Q3 revenue in food services: Better-than-anticipated numbers after challenging quarters
Organic revenue growth was better than anticipated in most cases, given that Sodexo and Elior notably made sales and profit warnings during previous quarters. Nevertheless, FY guidance has been confirmed and could be a little conservative, especially for Sodexo. So, all stocks benefited from such results and have largely outperformed the DJ Stoxx since July, with the best performance for Edenred (we upgraded on 25th July). Next significant catalyst will be Sodexo’s CMD on 6th September in Paris.
Provider
Bryan Garnier
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Bruno de La Rochebrochard
Other Reports from Bryan Garnier
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.