Compass Group raises 2024 profit and revenue forecasts for second time, exceeding Q3 expectations.
Compass Group, the world's largest catering company, has raised its 2024 profit and revenue forecasts for the second time this year after new businesses helped it beat third-quarter revenue expectations. The FTSE 100 firm now expects underlying operating profit to grow above 15% and organic revenue above 10% for the fiscal year ending September. Organic revenue for the quarter ended June 30 rose by 10.3%, exceeding analysts' expectations of 9.5%.
July 23, 2024
5 Articles