- Mcbride
- 16 July 2025 07:33:32
Source: Sharecast
The company, which produces white label cleaning and hygiene products as well as its own brands, said that, due to continuing inflationary pressures, “many retailers are seeking value to support their consumer proposition with an increased requirement for cost out actions to support lower market pricing”.
"Whilst demand for private label products remains strong, there are signs that private label market share has stabilised at current levels," the company said in a full-year trading update.
Nevertheless, group revenues over the year to 30 June were up 0.7% on a constant currency basis, with total volumes up 4.3%.
This comprised a 1.4% volume increase in the core private label business and a 48.9% surge in contract manufacturing volumes due the full-year impacts of significant new long-term contracts.
As a result, adjusted operating profits for the year are expected to be in line with forecasts.
McBride, which announced in January that it intends to reinstate annual dividends this year, said it would make a further announcement in its full-year results in September.