Compass’s rehabilitation has been fuelled by recovering sales at businesses, sporting events and schools as pandemic restrictions have eased over the past two years. But the next catalyst for the catering giant’s shares is harder to identify in the face of recession across global economies and optimistic revenue expectations baked into market consensus.
Sales are now back above pre-pandemic levels, at 105 per cent of the 2019 level over the 12 months to the end of September. That rose to 116 per cent during the final quarter of the period. Sales of £25.8 billion were also ahead of market expectations and almost 38 per cent higher than the prior year at constant currency rates. After a recovery in cash generation management declared another £250
