Overview
Canada eyecare provider's Q4 revenue rose 20.2% yr/yr to record C$53.9 mln
Adjusted EBITDA for Q4 reached C$2.8 mln, marking 13th consecutive positive quarter
Active customer base surpassed 1 million, up 16.5% yr/yr
Outlook
KITS reaffirms Q1 2026 financial guidance issued on February 17, 2026
Result Drivers
GLASSES SALES - Record Q4 glasses revenue of C$8.7 mln, up 32.7% yr/yr, with units delivered rising 42.2%
BLACK FRIDAY BOOST - Strongest-ever sales week during Black Friday and Cyber Monday generated C$5.8 mln in revenue
Company press release: ID:nCNWgM7kBa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
C$300,000
Q4 Gross Profit
C$18.8 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy"
Wall Street's median 12-month price target for Kits Eyecare Ltd is C$24.50, about 40.4% above its March 3 closing price of C$17.45
The stock recently traded at 73 times the next 12-month earnings vs. a P/E of 55 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
