TSX:KITSSpecialty Retail
Kits Eyecare (TSX:KITS) Stock Can Profit Growth Justify An 87.1x P/E
Kits Eyecare stock came into this earnings print already on a strong run, with a 90 day gain of about 25% and the shares closing at CA$14.43 on 5 August. The market has been paying up for the story, with the stock on a rich trailing P/E of 87.1x. That makes today’s headline all about whether the margin picture can support that kind of valuation.
The immediate hook is simple. Q2 revenue reached CA$58.4 million while net profit margin sits near 2.5% on a trailing basis. The key issue for...