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Compass Group PLC (CMPGY)

Other OTC - Other OTC Delayed Price. Currency in USD
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23.85+0.58 (+2.49%)
At close: 03:57PM EDT
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  • PA Media: Money

    Compass raises sales outlook after business catering recovers

    Shares in the FTSE 100 company made gains on Tuesday morning after its second upgrade to forecasts this year.

  • Reuters

    Compass Group shares hit two-year high as new business boosts outlook

    Compass, the world's largest caterer, raised its revenue growth forecast for the second time this year on the back of new business wins and quarterly revenue that exceeded pre-pandemic levels, sending its shares to their highest in more than two-years. Compass, which feeds office workers, the armed forces and school children in 44 countries, also said it was cautious about margin growth next year due to red-hot inflation. The British company forecast its profit margin in the fourth quarter of its current financial year, which ends on Sept. 30, to moderate slightly from around 7%, even as it maintained an annual margin forecast of around 6%.