(Reuters) - French food caterer Sodexo lowered its 2025 guidance on Thursday, citing slower than expected organic growth in North America.

"While our industry fundamentals remain strong, in North America the continued soft trend in volumes in Education and slower than expected net new ramp-up in Healthcare have impacted our ability to meet initial expectations," CEO and Chairwoman Sophie Bellon said in a statement.

The group now sees 2025 organic revenue growth of between 3% and 4%, from between 5.5% and 6.5% previously, and an underlying operating margin increase of 10 to 20 basis points, down from a rise of 30 to 40 bps guided previously.