Compass shares jump as it shrugs off inflation concerns with profit upgrade Hospitality Shares in Compass Group jumped on Monday morning as shrugged off concerns over inflation eating into its margins after upgrading its profit forecasts. The FTSE 100 catering giant, which has served meals everywhere from prisons to oil rigs, upped its profit growth estimate from 10 per cent to “above” 11 per cent for the year [...]
Rooftop hospitality at Cheltenham Festival after £100m Jockey Club deal Sport Business The Jockey Club has agreed a £100m investment deal with Levy in a move that will see major upgrades to the Cheltenham Festival and Epsom Derby. The agreement, with the sport division of Compass Group, will span 20 years and see the Jockey Club seek to enhance the “spectator experience across their UK racecourses”. Chief [...]
Compass: Revenue surges as acquisition drive continues Business Catering company Compass Group recorded organic revenue growth of 9.2 per cent last quarter, with all divisions contributing to growth. The FTSE 100 food service group reported 9.7 per cent organic revenue growth in North America, 8.4 per cent in Europe, and 7.9 per cent in the rest of the world, it said in a quarterly [...]
Compass: Return to office and university helps catering giant to double-digit growth July 23, 2024 Catering company Compass has reported double digit growth in the third quarter of 2024 as it looks to expand past North America and the UK. Revenue in Europe led with 12 per cent growth, while in North America it grew by 9.9 per cent and in the rest of the world grew by 8.5 per [...]
Catering giant Compass raises guidance following contracts at Kew and Royal Opera House May 15, 2024 Catering giant Compass Group has raised its profit guidance following a strong performance in the six months to the end of March.
Compass: Catering firm thanks inflation for surging profits November 20, 2023 Compass has unveiled a jump in revenues for the year as the catering giant was bolstered by food inflation and demand for its products.
Catering giant Compass sees profits nearly triple after recovery surpasses expectations November 21, 2022 Catering giant Compass has revealed that profits almost tripled over the past year after its recovery surpassed expectations. The world’s largest food services provider said it reported record new business growth as demand for business and sports catering rebounded following the impact of the pandemic. Revenues surged by 42.5 per cent to £25.5 billion for [...]
Catering company Compass Group posts strong revenue growth across all regions July 26, 2022 Contract caterer Compass Group today said its underlying revenues for the three months running up to June were up by 43.4 per cent compared to the previous year, on the back of strong growth across all regions and sectors of its business. The growth saw the food service company’s revenues jump beyond levels seen before [...]
Compass shares jump 7.98 per cent following trading update February 3, 2022 The shares of foodservice multinational Compass jumped 7.98 per cent, going up to 1,785.50p, following the group’s trading update from earlier this morning. Compass has in fact said that its guidance for FY2022 remains unchanged despite the impact of Omicron on services. The group expects its underlying operating margin to be over 6 per cent [...]
Catering giant Compass restarts dividend payouts as easing restrictions give profits a lift November 23, 2021 Catering giant Compass said this morning that, despite labour shortages and rising costs, it has restarted shareholder dividend payouts as annual profits jumped higher thanks to easing pandemic restrictions. The world’s biggest caterer saw pre-tax profits more than double to £464m in the year to September 30 from £210m the previous year. Results were bolstered [...]