Kits Eyecare (TSE:KITS) Announces Quarterly Earnings Results

Kits Eyecare (TSE:KITS) released its quarterly earnings results on Wednesday. The company reported C$0.06 EPS for the quarter, FiscalAI reports. The company had revenue of C$57.47 million for the quarter.

Here are the key takeaways from Kits Eyecare’s conference call:

• Kits reported its 14th consecutive quarter of >20% organic growth with Q1 revenue CAD 57.5M (+23% YoY, +27% constant currency), a record Adjusted EBITDA of CAD 4.1M (7.2%), and CAD 19M cash with zero long?term debt.
• The glasses business accelerated meaningfully — glasses revenue CAD 10.8M (+61% YoY), ~156,000 pairs delivered (+50%), AOV for glasses ~35% higher YoY, premium lenses now 42% of glasses revenue, and the 2026 glasses cohort’s first?order revenue is ~62% higher than the 2025 cohort.
• A non?recurring CAD 2.1M tariff refund helped expand gross margin and was strategically reinvested into customer acquisition (marketing rose to 18.9% of revenue), driving ~100,000 new customers; management says this spend was time?limited and will normalize toward prior marketing guardrails.
• Customer economics look durable — repeat revenue was 63.9% of sales, two?year active customers exceeded 1.1M (+17% YoY), Autoship generated CAD 5.9M in Q1, and contact cohorts show very high net revenue retention (85–95%), supporting rising LTV.
• Q2 guidance is for CAD 57–59M revenue and 3–5% adjusted EBITDA margin; management reiterates a 2026 constant?currency growth target of ~25–30% but flags seasonality and USD/CAD sensitivity.

Kits Eyecare Stock Performance

Kits Eyecare stock traded down C$1.91 during midday trading on Wednesday, hitting C$12.38. 403,447 shares of the company were exchanged, compared to its average volume of 113,845. The firm has a market capitalization of C$420.80 million, a PE ratio of 137.56 and a beta of 0.46. Kits Eyecare has a fifty-two week low of C$11.15 and a fifty-two week high of C$22.56.

Kits Eyecare Company Profile

KITS (TSX: KITS) is one of the world’s fastest growing eyecare providers, offering high-quality, affordable prescription glasses and contact lenses through its vertically integrated digital platform. With advanced in-house lens manufacturing, an industry-leading digital fit experience powered by OpticianAI, and thousands of 5-star customer reviews, KITS is redefining how Canadians experience eyecare. Designed in Canada. Delivered worldwide.