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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Kitwave Group
Kitwave Group (KITW) investor relations material
Kitwave Group has been delisted
Kitwave Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary19 Feb, 2026
Trading performance and revenue
Revenue for the three months ended 31 January 2026 was in line with the same period in the previous year.
Lower-than-expected demand in the hospitality sector led to an unfavorable revenue mix and negatively impacted gross profit margin.
Profitability and margin pressures
Adjusted operating profit for the period was materially behind Board expectations.
Profitability was further affected by continued investment in the South West depot and ongoing overhead inflation, including higher NIC and National Minimum Wage costs.
Margin pressure is expected to persist throughout the remainder of the financial year ending 31 December 2026.
Outlook and strategic context
The Board remains cautious on the outlook for the rest of the financial year.
The three-month period typically represents a small proportion of total annual profit.
Growth has historically been achieved through organic expansion and acquisitions in the fragmented UK wholesale market.
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Latest events from Kitwave Group
- Record revenue, margin gains, and strong cash flow; acquisition by OEP Capital Advisors L.P. proposed.KITW
H2 2025 - Record revenue growth but profit guidance revised down due to rising costs.KITWH1 2025
- Revenue up 8% and acquisitions drive growth; H2 expected to deliver stronger results.KITWH1 2024
- Revenue up 10.2%, margin gains, and strong cash flow support further expansion plans.KITWH2 2024
Kitwave Group
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Frequently asked questions
Kitwave Group plc is a UK-based wholesale distribution company supplying a wide range of products to independent retailers, vending operators, foodservice providers, and other businesses. The company’s product portfolio includes ambient, chilled, frozen, and licensed goods, as well as tobacco and confectionery items. Kitwave operates through a network of regional depots and distribution centers, offering both direct delivery and cash-and-carry services. It serves customers across various sectors, including convenience stores, catering, and hospitality. The company is headquartered in North Shields, United Kingdom, and its shares are listed on the AIM.