Rising food costs force Compass to revise menus

08 February 2008 by
Rising food costs force Compass to revise menus

Compass Group today revealed it had revised its menus to cope with soaring food inflation.

The catering giant, which spends around £3.5b per annum on food, said the menu re-engineering scheme, which is being applied "rigorously" across the group, will help combat rising prices of wheat and diary products.

In a trading statement for the three months to 31 December, Compass said it had enjoyed a strong quarter, with global revenues increasing in line with last year's organic growth rate.

Compass also said operating profits were running "well ahead" of last year's comparative period, with margins continuing to improve.

The company added that education division Scolarest was making "steady progress" during its recovery from recent poor trading.

UK revenues, accounting for around one-fifth of the business, and operating profit were broadly in line with the same period last year.

Compass Group lands British Airways Terminal 5 contract >>

Compass gains second Michelin star >>

Cousins delighted with Compass's progress >>

Food price inflation forcing restaurants to hike prices >>

Compass Group company profile >>

By Daniel Thomas

E-mail your comments to Daniel Thomas here.

The Caterer Blog](http://www.caterersearch.com/blogs/catering-news-blog/) Catch up with more news and gossip on the Caterer Blog here
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking