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Kits Eyecare Ltd T.KITS

Alternate Symbol(s):  KTYCF

Kits Eyecare Ltd. is a Canada-based provider of vertically integrated and digitally native eyecare platforms. The Company operates through the sale of eyewear products to consumers. It offers customers access to a selection of contact lenses and eyeglasses, including its own KITS-designed products, as well as an advanced suite of online vision tools. Its collections include South Beach, Little Italy, Trail Blazer, KITS x Vasuma and Apres. The Company's designer glasses and sunglasses, including Alexander Mcqueen, Armourx, Betsey Johnson, Bottega Veneta, Calvin Klein Carrera, David Beckham, Diesel, Dior, Emilio Pucci, Emporio Armani, Gucci, Hugo Boss, Jimmy Choo, Judith Leiber, Kits, Persol, Prada, Ray-Ban, Superdry, Tom Ford, Under Armour, And Versace.


TSX:KITS - Post by User

Post by nozzpackon Aug 17, 2022 9:40am
111 Views
Post# 34901738

Eyeglass Sales augur significant growth ahead

Eyeglass Sales augur significant growth ahead163,000 eyeglasses were delivered in 2021 which averages about 40,000 per quarter in 2021.

In Q1 of 2022, 46,000 pairs were delivred but by Q2/22 this had increased to 74,000 pairs for a total of 120,000 glasses already delivered .

Considering organic growth already demonstrated in 2022, it seems reasonable to forecast at least 250,000 paids sold in 2022 , with perhaps an upside to 300,000 pairs
if organic growth continues.

As KITS has  retained  about 70 % of new customers so far, these forecasts presage a very substantial increase in recurring customers which have higher profit margins than new customers.

So, good times ahead
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