Sodexo
SW: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€78.00 | Nlvblv | Yffsplh |
Sodexo Earnings: Serving Up a Sizzling H1
Narrow-moat Sodexo produced a strong set of results for first-half fiscal 2023, well ahead of previous guidance. Organic revenue growth came in above 13%, with operating margins up to 5.8%, still below precoronavirus levels, but a material improvement year over year. We view the stock as very attractive.