Compass Group PLC (CMPGY)
- Zacks
Has Arcos Dorados (ARCO) Outpaced Other Retail-Wholesale Stocks This Year?
Here is how Arcos Dorados (ARCO) and Compass Group PLC (CMPGY) have performed compared to their sector so far this year.
- 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%.
