KinderCare Learning – Shares Plummet 22.2%

By Tamara Parker • Sunday, March 23 15:22 • Permanent Link

KinderCare Learning Companies, Inc. has recently released its 10-K report detailing its financial performance and operations for the fiscal years ended December 28, 2024, and December 30, 2023. The company is a leading provider of early childhood education and care services in the United States, operating a network of 1,574 early childhood education centers, 1,025 before* and after-school sites, and serving children ranging from six weeks to 12 years of age.

In its 10-K report, KinderCare highlighted several factors affecting its results of operations. The company aims to increase revenues through improved occupancy and consistent price increases, with a focus on growing its portfolio of centers and sites. Additionally, it plans to expand its footprint through greenfield development and strategic acquisitions, while also developing and nurturing other revenue streams and expanding service offerings. KinderCare also emphasized its access to governmental funding and advocacy to support the early childhood education (ECE) industry, as well as its ability to adapt to changes in seasonal demand for child care and other services.

The report also provided key performance metrics for the company. As of December 28, 2024, KinderCare had 1,574 early childhood education centers with a center capacity for 210,135 children, representing an increase from the previous year. The average weekly ECE full-time enrollment increased by 442, or 0.3%, for fiscal 2024 compared to fiscal 2023. Additionally, ECE same-center occupancy increased by 90 basis points for fiscal 2024 compared to fiscal 2023, while ECE same-center revenue grew by $105.2 million, or 4.5%, for fiscal 2024 compared to fiscal 2023.

The report also detailed the components of KinderCare's results of operations, including revenue sources, cost of services, depreciation and amortization, selling, general, and administrative expenses, impairment losses, interest expense, interest income, other (income) expense, net, and income tax expense.

As a result of these announcements, the company's shares have moved -22.2% on the market, and are now trading at a price of $13.76. If you want to know more, read the company's complete 10-K report here.

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