Professional
Added to YB: 2026-04-14
Pitch date: 2026-04-10
KITS.TO [neutral]
Kits Eyecare Ltd.
+1.33%
current return
Author Info
Company Info
Kits Eyecare Ltd. operates a digital eyecare platform in the United States and Canada. It offers progressive, polarized, and contact lenses, eyeglasses, and frames under the KITS brand, as well as distributes eyewear products of various brands.
Market Cap
CAD 502.7M
Pitch Price
CAD 14.99
Price Target
N/A
Dividend
N/A
EV/EBITDA
45.54
P/E
164.34
EV/Sales
2.39
Sector
Specialty Retail
Category
growth
Cedar Grove Capital Management Portfolio Holding: Kits Eyecare Ltd.
KITS.TO (holding update): Canadian DTC contact/eyeglass co, $200M LTM sales in 8 yrs. Vertically integrated, started w/ low-margin contacts for retention, now building higher-margin eyeglass biz. Net cash, positive adj EBITDA. CEO's 2nd act after selling Coastal Contacts for ~$430M CAD in 2014. Avoids capital-intensive retail vs WRBY. Good capital allocation, poised to compound.
Read full article (1 min)