# French catering group Sodexo lags Q3 sales expectations
Published: 2024-07-02
Category: Headlines
Category URL: https://entrepreneurtribune.com/category/headlines/
Meta Title: Sodexo Q3 Sales Fall Short
Meta Description: French catering group Sodexo reports lower-than-expected Q3 sales due to accounting changes. Revenue up 6.8% but misses consensus forecast.
URL: https://entrepreneurtribune.com/french-catering-group-sodexo-lags-q3-sales-expectations/

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## French catering group Sodexo lags Q3 sales expectations

(Reuters) – [French](https://entrepreneurtribune.com/carrefour-partners-with-greenyellow-to-install-solar-panels-at-its-french-stores/) 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), missing a consensus forecast of 6.11 billion euros provided by the company.

The [group,](https://entrepreneurtribune.com/franklin-resources-has-5-7-adecco-stake-filing/) which will provide [catering](https://entrepreneurtribune.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)

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


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