Added to YB: 2026-09-01
Pitch date: 2026-08-30
KITS.TO [bullish]
Kits Eyecare Ltd.
+3.49%
current return
Author Info
No bio for this author
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 564.2M
Pitch Price
CAD 16.33
Price Target
30.59 (+81%)
Dividend
N/A
EV/EBITDA
50.55
P/E
103.62
EV/Sales
2.44
Sector
Specialty Retail
Category
growth
The $15 Pair of Glasses That Somehow Costs You $500
KITS.TO: KITS Eyecare combines an owned optical lab, repeat contact-lens purchases and faster-growing prescription glasses to capture eyewear’s shift online. Revenue rose 27% to CAD202.5M in 2025, repeat customers generate nearly 64% of sales, and Q1 2026 glasses growth reached 61%. The ~98x P/E reflects thin net income amid reinvestment and currency noise; the base case offers 84% five-year upside, but depends on an unconfirmed 8.5% normalized margin.
Read full article (19 min)