Revenue Growth
KinderCare Learning Companies, Inc. reported third-quarter revenue of $677 million, up nearly 1% from the previous year, driven by growth in the Champions program.
Champions Program Success
The Champions before and after school business achieved double-digit revenue growth year-over-year, with 200 new site wins and $50 million in quarterly revenue.
Employer Partnerships
KinderCare Learning Companies, Inc. signed 20 new contracts with employers, expanding their reach to 317,000 employees across 17 states.
Tuck-in Acquisitions
The company acquired six centers in the quarter, bringing the year-to-date total to 20, funded from a $138 million free cash flow.
Operational Improvements
There were successful operational initiatives in opportunity regions, with some centers significantly increasing occupancy through targeted strategies.