KinderCare Reports Fourth Quarter 2024 Financial Results

About this update from Kindercare Learning Companies, Inc.

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/b4fe09e113874552d2316110fefe9b3a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/yVVczVU5obUksKjbSFrQkQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/b4fe09e113874552d2316110fefe9b3a","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/QP7VwH06AAMF43Z.x.WTVg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/b4fe09e113874552d2316110fefe9b3a","width":1024,"height":512}},"lazy":false},{"type":"text","content":"LAKE OSWEGO, Ore., March 20, 2025--(BUSINESS WIRE)--KinderCare Learning Companies, Inc. (NYSE: KLC) ("KinderCare"), a leading provider of high-quality early childhood education ("ECE"), today announced financial results for the fourth quarter and fiscal year ended December 28, 2024 and provided guidance for 2025.","length":334,"tagName":"p"},{"type":"text","content":"Fourth Quarter 2024 Highlights","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $647.0 million","length":25,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Loss from operations of $89.3 million","length":37,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net loss of $133.6 million and net loss per common share, diluted (1) of $1.17","length":78,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"On October 10, 2024, the Company completed its initial public offering ("IPO"), in which it sold 27.6 million shares of common stock, raising $616.1 million in net proceeds. These proceeds were primarily utilized to repay $608.0 million of outstanding principal on the first lien term loan facility.","length":309,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":449,"olType":false},{"type":"text","content":"Non-GAAP financial measures","length":27,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Adjusted EBITDA (2) of $66.0 million","length":36,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted net income (2) of $10.7 million and adjusted net income per com...

More updates from Kindercare Learning Companies, Inc.