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Kits Eyecare Ltd. (TSE:KITS)
:KITS
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.03Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 14.74%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted impressive revenue growth, margin improvements, and strong customer acquisition and retention metrics. However, there is a planned increase in marketing expenses to drive further growth, which is expected to impact short-term EBITDA margins. Overall, the sentiment is positive due to the significant growth and strategic investments for future expansion.Company Guidance
During Kits Eyecare's Q1 2025 earnings call, the company reported a record revenue of $46.6 million, marking a 34% year-over-year increase, and exceeded their adjusted EBITDA margin guidance by achieving 7.4%, or $3.5 million. Revenue growth was driven by all segments, with glasses sales up 46%, contact lenses up 32%, and geographical growth of 35% in Canada and 33% in the USA. Kits also welcomed over 95,000 new customers, a 28% increase from the previous year, while 62% of total revenue was generated from returning customers. The company expects Q2 revenue between $48 million and $50 million, with an adjusted EBITDA margin of 3% to 5%. Despite absorbing high new customer growth, gross profit grew by over 53% to $17.1 million, with a gross margin expansion of 460 basis points to 36.7%. Kits also highlighted the success of its KITS+ loyalty program and premium lens upgrades, which contributed significantly to their robust performance.Record Revenue and Growth Across Segments
Kits Eyecare achieved record revenue of $46.6 million, up 34% year-over-year. All four key segments grew over 30%, with glasses revenues growing 46%, contact lens revenues growing 32%, Canada growing 35%, and the U.S.A. growing 33%.
Significant Margin Improvement
Gross profit grew over 53% year-over-year, reaching $17.1 million. The gross margin expanded by 460 basis points to 36.7%, up from 32.1% in Q1 last year.
Strong Customer Acquisition and Retention
Kits welcomed over 95,000 new customers, a 28% increase year-over-year, with 62% of total revenue coming from returning customers. The Kits Autoship program contributed almost $6 million in revenue, up 11% year-over-year.
Successful Expansion of Premium Products
Revenue from premium upgrades grew nearly 60% year-over-year, with margins remaining healthy. The premium lens category now accounts for approximately 40% of total glasses revenue.
Operational Efficiency Gains
Fulfillment expense as a percentage of revenue improved to 10.9% from 11.9% last year. Marketing expense was 13.5% of revenue, with general and administrative expenses decreasing from 6.9% to 6.3% of revenue.
TSE:KITS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:KITS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | C$11.33 | C$11.31 | -0.18% |
Mar 05, 2025 | C$8.70 | C$9.38 | +7.82% |
Nov 06, 2024 | C$10.00 | C$9.79 | -2.10% |
Aug 07, 2024 | C$9.33 | C$9.80 | +5.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kits Eyecare Ltd. (TSE:KITS) report earnings?
Kits Eyecare Ltd. (TSE:KITS) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Kits Eyecare Ltd. (TSE:KITS) earnings time?
Kits Eyecare Ltd. (TSE:KITS) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:KITS EPS forecast?
TSE:KITS EPS forecast for the fiscal quarter 2025 (Q2) is 0.03.