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CMPGF - Compass Group Keeps Going North: Quality And Growth Are Rarely So Cheap
Compass Group PLC
Introduction
Compass Group (CMPGF) is in the global food catering business, an industry expected to decline from $257.8 billion in 2019 to $253.9 billion in 2020 at a CAGR of -1.54%. This is due to restrictions on domestic and international travel by governments globally due to the COVID-19 outbreak, which limits the need for services offered by these establishments. The market is then expected to recover and grow at a CAGR of 7.2% from 2020 to reach $312.7 billion in 2023.
Growth of the industry comes from increased outsourcing of food catering, as