Saturday, July 27, 2019

Financial Statements analysis Essay Example | Topics and Well Written Essays - 1750 words

Financial Statements analysis - Essay Example KFC, Taco Bell, Pizza Hut, T.G.I.-Fridays and Harry Ramsden supplying food to alternative outlets such as schools, airports, military bases, and correctional and healthcare facilities. The company’s own profitable brands are Caffe Ritazz, Cafe Select, Upper Crust, Not Just Donuts, Franks, Sushi Q Restaurants. With an annual turnover of nearly $ 7.9 billion as of 1999, the company has emerged as one of the FTSE 100. The company was formed with the acquisition of Grand Metropolitan’ London catering division and its IPO on London Stock Exchange that followed in 1988. Competitors are Gardner Merchant in UK, Sodexho of France and Aramark of the U.S. When the Gardner and Sodexho merged and became a formidable challenge, Compass retaliated by purchasing Accor’s Eurest International and Accor received 22.5 % share in the equity of Compass. With this, Compass once again emerged as the world’s largest foodservice company (FundingUniverse, 1999). Compass’ major percentage (90) of revenue comes from outside the UK and it claims to be living up to the image of international business now spread over 50 countries. North American region contributes 47 % of the revenue, Europe and Japan contributes 34 % and emerging markets contribute 19 % thus aggregating to a total revenue of 17,557 m GBP in 2013. North American region has been the core growth engine for the company in terms of revenue as well as profitability ever since the business was established in the region in 1994. The company is the 11th largest employer in the private sector in the USA and it serves as many as six million meals per day. It had 506, 699 employees as of 30 September 2013. In terms of corporate responsibility, the company has achieved a reduction of carbon emissions from 7.3 % in 2012 to 6 % in 2013. Total GHG emissions were 119,874 Tonnes in 2013 as against 123, 630 Tonnes in 2012. The company aims at a reduction of 20 % against 2008 baseline by 20 17. Other corporate responsibility

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