UK's Compass Group dips on unchanged forecast

Compass

14/05/2025 10:21

** Shares of catering firm Compass Group CPG.L fall as much as 4.8% to 2,482 pence before paring losses to be down 1.4%

** Co maintains its annual profit and revenue forecasts following a rise in first-half operating profit

** In call with analysts, Compass CEO says co not seeing any underlying weakness or any change of behaviour at all in North America

** Underlying operating profit for the six months to March 31 rose 11.6% to $1.63 billion, just ahead of the $1.61 billion expected by analysts in a company-provided consensus

** Ten brokerages rate the stock "buy" or higher, ten "hold"; their median PT is 2,700 pence - data compiled by LSEG

** Stock down 3.5% YTD

(Reporting by Amna Mariyam in Bengaluru)

((Amna.mariyam@thomsonreuters.com))