Amended: Compass Q3 Underlying Revenue At 109% Of 2019 Revenues

Compass Group Plc (CPG.L,CMPGF.PK), a British food services provider, said in its trading update on Tuesday that its third-quarter underlying revenues was at 109% of 2019 revenues.

For the year-to-date period, Compass posted an underlying revenue at 102 percent of 2019 revenues.

Looking ahead, the company said: "Given the significant acceleration in growth and ongoing recovery of our base business, we are increasing our FY 2022 organic revenue growth guidance from around 30% to around 35%. We confirm our FY 2022 operating margin guidance of over 6% and now expect our exit margin to moderate slightly from around 7% due to the strong net new performance and ongoing inflationary pressures."

(Amends underlying revenue to clarify that it is at 109% of 2019 revenues, not 109% growth)

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