British caterer Compass sees margins improve quarter-on-quarter By Reuters

(Reuters) – British catering firm Compass Group (LON:CPG) expects its margins in the second quarter to be better than the first, as it trimmed costs to cope with an expected slump in revenue driven by coronavirus-led closures.

The world’s largest caterer said its operating margin for the second quarter ended March 31 is expected to increase by about 130 basis points to about 4% from 2.7% in the previous quarter. Half-year organic revenue was forecast to drop 31%.