CMPGY - Sodexo SA - A Resilient Consumer Discretionary Company
Despite operating in an industry that is rarely at the center of attention of the investment community, Sodexo (SDXAY)(SDXOF) is a solid and resilient consumer discretionary company that is worth putting on your radar for a number of reasons described in more detail below.
Company background & description
Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo is the second-largest food services company globally. As of the end of 2017, the company served over 100m customers daily in 80 countries, employing some 427’000 people worldwide.
The company organizes itself along two main segments: i.)