McBride (GB:MCB) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
McBride plc has reported a robust financial year, with a 6.2% revenue growth in constant currency terms, bolstered by a 7.2% increase in private label volumes and significant contract manufacturing gains. The company’s strategic initiatives have led to strong operational performance, aligning adjusted operating profit with the upgraded market expectations. Additionally, McBride has successfully reduced its net debt by £35.0m from the previous year, showcasing improved financial health and liquidity.
For further insights into GB:MCB stock, check out TipRanks’ Stock Analysis page.