McBride PLC (LSE:MCB) shares are at their highest for five years following a string of upgrades over the past twelve months as it has pushed through price hikes to offset input cost inflation.
In April, the shares got another kick upwards as the own-label products supplier said profits would be 10% ahead of market forecasts of £61 million, with net debt around £132 million.
Group revenue was 8.2% higher than the prior year on a constant currency basis, benefitting from both volume growth and the impact of pricing actions in the last financial year to recover input cost inflation.
Input costs for chemicals and packaging had also flattened out, it said and trends on costs and sales will be key to Tuesday's update.