Business
Caterer Compass Group forecasts slower-than-expected growth in 2025 profit
Global Banking & Finance Review®
Company
(Reuters) – British food catering firm Compass Group forecast a slightly slower-than-expected growth in 2025 profit on Tuesday after a 16% jump in the previous year on new
(Reuters) – British food catering firm Compass Group forecast a slightly slower-than-expected growth in 2025 profit on Tuesday after a 16% jump in the previous year on new businesses and staff returning to offices and eating at canteens.
The world’s largest caterer expects high single-digit growth in underlying operating profit for the year ending September 2025.
Analysts, on average, had expected fiscal 2025 underlying profit of $3.30 billion, implying growth of about 10%, according to a company-compiled poll.
Compass Group reported underlying operating profit of about $3 billion for the year ended Sept. 30, 2024, matching analysts’ average expectation of nearly $3 billion in a company-compiled consensus.
We’re investing in capex to drive net new business and are currently prioritising strategic acquisitions to further enhance our unique sectorised approach to clients,” CEO Dominic Blakemore said in a statement.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Subhranshu Sahu and Rashmi Aich)
Operating profit is the profit a company makes from its core business operations, excluding any income derived from non-operational activities such as investments or sales of assets.
Capital expenditure refers to the funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, or equipment, which are expected to provide benefits over a long period.
Profit growth refers to the increase in a company's earnings over a specific period, typically expressed as a percentage. It indicates how well a company is performing financially.
Strategic acquisitions are purchases made by a company to enhance its market position, expand its product offerings, or gain competitive advantages in its industry.
Explore more articles in the Business category
