Sodexo is undervalued with a 15% annualized RoR, driven by its strategic refocus on food services and integrated contracts, making it a solid "Buy.". The French stock market offers appealing opportunities, and I've shifted my investment from Aramark to Sodexo due to its better valuation and growth prospects. Sodexo's strong client retention rate, impressive 3Q24 results, and potential for margin improvement and top-line growth make it an attractive investment.
Sodexo S.A. (OTCPK:SDXAY) Q4 2024 Earnings Conference Call October 24, 2024 3:00 AM ET Company Participants Virginia Jeanson - IR Sophie Bellon - CEO & Chairwoman Sebastien De Tramasure - Group CFO Conference Call Participants Jamie Rollo - Morgan Stanley Simona Sarli - Bank of America Merrill Lynch Vicki Stern - Barclays Jaafar Mestari - BNP Paribas Leo Carrington - Citi Simon Lechipre - Jefferies Neil Tyler - Redburn Atlantic Virginia Jeanson Good morning, everyone.
French food caterer Sodexo reported third-quarter sales slightly below expectations on Tuesday, citing a slowdown in China and a change in how it recognises revenues from some fixed-term Energy & Resources projects in Australia.