Compass: Return to office and university helps catering giant to double-digit growth Hospitality 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 [...]
Compass: Catering firm thanks inflation for surging profits Food Inflation 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 business booming 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 [...]
Free school meals provider Compass charts course to better margins after revenues sink March 25, 2021 Free school meals provider Compass charts course to better margins after revenues sink
Compass Group apologises for free school meals fiasco as revenue plummets February 4, 2021 Compass Group this morning apologised for its free school meals provision – delivered by education arm Chartwells – and said it has improved the service. The firm faced backlash earlier this year after the meals provided to the children of low income families were criticised for being insufficient. Compass, which today announced revenue fell 33.7 [...]
Compass Group returns to profit in Q4 following ‘challenging year’ November 24, 2020 Compass Group has made an operating profit of £561m in 2020 after a difficult year that saw parts of the business closed due to the coronavirus pandemic. The catering giant 2020 operating profit was down on last year’s £1,852m. Nearly two-thirds of Compass Group’s revenue came from north America. The group was able to return [...]
Winners and losers: Stocks soaring AND plummeting as Pfizer reports Covid-19 vaccine breakthrough November 9, 2020 US pharma giant Pfizer reporting today that early studies of its Covid-19 vaccine are 90 per cent effective has sent markets into a frenzy, with travel and hospitality stocks shooting up while food delivery services and video conferencing software providers plummeted. Jet engine maker Rolls-Royce saw the biggest change on the FTSE 100, surging 43 [...]