mcbride said friday that it expects adjusted operating profit for fiscal 2023 to beat market forecasts and be at the top of the previously guided range after a strong fourthquarter performance as customers switch to private label products in the face of high inflation the uk supplier of household and personalcare products has provided an adjusted operating profit consensusa metric that strips out exceptional and other oneoff itemsfor the year ended june 30 of 97 million pounds 127 million on april 24 the company provided an adjusted operating profit range of gbp8 million to gbp13 million it made an adjusted operating loss of gbp245 million in fiscal 2022 mcbride said revenue for the year has grown 28 on a constant currency basis reflecting both volume increases and pricing actions revenue for the year ended june 30 2022 was of gbp6783 million volumes rose 54 over the year and were up 13 in the fourth quarter the company said adding that the improvement was driven by a combination of business wins and strong demand on existing contracts across most markets it is evident that there is a shift to private label as a result of consumers growing preference for better value high quality private label products as they seek to mitigate the effects of inflation on their household budgets the company said