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Kitwave Group PLC ( (GB:KITW) ) has issued an announcement.
Kitwave Group PLC reported a 26.7% increase in revenue to £376.2 million for the six months ending April 2025, driven by strategic acquisitions and infrastructure investments. Despite record revenue and operating profits, the company anticipates lower than expected financial performance due to increased operational costs, macroeconomic challenges affecting consumer confidence, and higher employer National Insurance contributions. The integration of Creed Foodservice and the new South West distribution center have strengthened Kitwave’s position, but the company has revised its profit expectations for the year. Kitwave remains confident in its long-term strategy and continues to focus on service-led growth initiatives, supported by a robust balance sheet.
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 scores strongly overall due to robust financial performance, positive technical indicators, and supportive corporate events. The company’s growth potential is enhanced by strategic acquisitions and leadership confidence, though it must manage its debt levels and maintain cash flow stability to sustain growth.
To see Spark’s full report on GB:KITW stock, click here.
More about Kitwave Group PLC
Kitwave Group PLC is a delivered wholesale business based in the United Kingdom, specializing in the distribution of impulse products, frozen, chilled and fresh foods, alcohol, groceries, and tobacco. The company serves approximately 46,000 mainly independent customers, including convenience retailers, leisure outlets, vending machine operators, foodservice providers, and other wholesalers. With a network of 37 depots, Kitwave supports delivery across the UK and has grown through both organic means and strategic acquisitions of smaller, complementary businesses.
Average Trading Volume: 268,078
Technical Sentiment Signal: Buy
Current Market Cap: £277.2M
Find detailed analytics on KITW stock on TipRanks’ Stock Analysis page.