Overview

* Kits Eyecare ( KTYCF ) Q3 revenue up 25.1% yr/yr to C$52.4 mln, missing estimates

* Adjusted EBITDA for Q3 increased to approximately 5.2% of revenue

* New customers grew 27.6% yr/yr to about 99,000

Outlook

* Company did not provide specific guidance for future quarters or year

Result Drivers

* CUSTOMER GROWTH - New customers increased by 27.6% year-over-year to approximately 99,000, contributing to revenue growth

* OPERATIONAL CHALLENGES - Company navigated complexities including border changes and postal strikes, maintaining strong cash position

* REVENUE - Total revenue grew 25.1% year-over-year to approximately C$52.4 million

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss C$52.40 C$53.10

Revenue mln mln (5

Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 ( KTYCF ) is C$23.00, about 20.8% above its October 6 closing price of C$18.21

* The stock recently traded at 69 times the next 12-month earnings vs. a P/E of 67 three months ago

Press Release:

(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.)