Kitwave Group PLC Adjusts Financial Year-End to Align with Calendar Year

The latest announcement is out from Kitwave Group PLC ( (GB:KITW) ).

Kitwave Group PLC has announced a change in its accounting reference date from 31 October to 31 December, aligning its financial year with the calendar year. This adjustment aims to provide a more balanced financial statement presentation, reflecting the company’s revenue patterns more accurately. The change will affect the reporting timetable, with new dates set for the publication of unaudited and audited accounts. Additionally, the company plans to distribute a single dividend for the eight-month period ending 31 December 2025, in conjunction with the interim dividend previously announced.

The most recent analyst rating on (GB:KITW) stock is a Buy with a £495.00 price target. To see the full list of analyst forecasts on Kitwave Group PLC stock, see the GB:KITW Stock Forecast page.

Spark’s Take on GB:KITW Stock

According to Spark, TipRanks’ AI Analyst, GB:KITW is a Outperform.

Kitwave Group PLC’s strong valuation, highlighted by a favorable P/E ratio and high dividend yield, is a significant positive factor. However, financial performance concerns about declining net income and rising debt, along with bearish technical indicators, moderate the overall score. Positive corporate events add confidence in future growth.

To see Spark’s full report on GB:KITW stock, click here.

More about Kitwave Group PLC

Founded in 1987, Kitwave Group PLC is a delivered wholesale business based in the United Kingdom. The company specializes in selling and delivering impulse products, frozen, chilled, and fresh foods, alcohol, groceries, and tobacco to a diverse customer base, including independent convenience retailers, leisure outlets, vending machine operators, foodservice providers, and national retailers. Kitwave operates a network of 37 depots across the UK and has grown through both organic growth and acquisitions of smaller, complementary businesses in the fragmented UK grocery and foodservice wholesale market.

Average Trading Volume: 412,603

Technical Sentiment Signal: Sell

Current Market Cap: £194.3M

For an in-depth examination of KITW stock, go to TipRanks’ Overview page.