|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||71.90 - 72.72|
|52-week range||53.40 - 88.04|
|Beta (5Y monthly)||1.07|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||30 Jan 2020|
|1y target est||N/A|
Universities are struggling to hire staff as millions of students return to campus for the fall semester, with campus dining halls acutely feeling the labor shortage.
The Paris-based firm, one of the world's biggest catering companies alongside Britain's Compass, now expects an operating profit margin of 3.5% for the six months ended August 31, compared with 3.1% forecast earlier. "Sodexo has now beaten expectations for four consecutive quarters, and its guidance provides a nice set-up for this to continue in the fourth quarter," said analysts at Morgan Stanley. Sodexo benefited from a rapid COVID-19 testing centre contract in Britain, as airline lounges began to open up in North America and children returned to schools across Europe.
Kellogg (K) is expanding its partnership with Sodexo to introduce Incogmeato Burger Patties by MorningStar Farms at over 3,000 locations.