Caterer Compass’ sales recover to pre-COVID levels, lifts revenue outlook

© Reuters. FILE PHOTO: Compass Group’s logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic

(Reuters) – Britain’s Compass Group (LON:CPG) Plc on Wednesday raised its annual revenue forecast and announced a 500 million pound ($616.65 million) share buyback after a strong first-half, as food catering volumes picked up from COVID-19 pandemic lows.

The world’s largest catering company raised its full-year 2022 organic revenue growth forecast to around 30% from 20%-25%.