North America Drives Compass 3Q Growth

Strong North American growth rates helped propel Compass Group's third quarter fiscal results.

Compass Group PLC reported organic revenue growth of 4% for its third fiscal quarter, ended June 30, while growth for the first nine months of the fiscal year was 4.5%. North America was a bright spot, with a 7.7% growth rate for the quarter, making up for more lackluster numbers in Europe and Japan continued as expected. The company notes that its Ascension Health and Texas A&M contracts contributed 2% of this figure (and 3% in the first half of the year).

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