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September 02, 2010

Sodexo Announces Fiscal 09 1Q Numbers

Published Wednesday, January 07, 2009

Sodexo North America posted organic revenue growth of 5.6% in its first 2009 fiscal quarter. It was 11% if currency impact (4.8%) and acquisitions (0.6%) are included. The company noted strong growth in healthcare, education and senior dining in making the announcement but conceded that the economic crisis has begun to weigh on the corporate dining business, which shrank 2.3% over the period. The three months of the fiscal quarter ended November 30, thus including the emergence of the credit and banking crisis in October. Sodexo blamed a reduction in discretionary spending by corporate clients, fewer numbers of ...

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