Sodexo S.A. (SWp)

Sodexo’s adjusted EPS topped expectations while revenue came in line, in results for the second half of fiscal 2026 ended August 31, 2026 and reported October 23, 2026. Revenue rose 3.0% to roughly EUR 11.9 billion (up from EUR 11.599 billion a year ago), with the consensus comparison showing revenue of EUR 11.946 billion in line with the EUR 11.900 billion estimate (+0.4%). Adjusted EPS of EUR 1.59 topped the EUR 1.43 estimate (+11.2%). Profitability metrics were modest, with gross margin at +10.6% and operating margin at +3.2%, alongside gross profit of about EUR 1.3 billion and operating income of roughly EUR 380 million. Net income fell 55.6% to about EUR 116 million (down from EUR 261.0 million a year ago). The company generated operating cash flow of roughly EUR 897 million. For the next period, consensus calls for EPS of EUR 1.78 on revenue of EUR 12.704 billion.