The company was formerly known as KC Holdco, LLC and changed its name to KinderCare Learning Companies, Inc. in January 2022.
- Sector: Consumer Defensive
- Industry: Education & Training Services
- Full Time Employees: 43,560
- Founded in 1969
- Headquartered in Lake Oswego, Oregon
- https://www.kc-learning.com/
Opened at $27 after pricing 24.0 mln share IPO at $24/share, at the lower end of the $23-27 expected range.
Ticker: KLC
The company, operating under the KinderCare, Creme School, and Champions brands, has a market-leading footprint of more than 1,500 early childhood education centers in the U.S.
In 2015, KLC was acquired by Swiss private equity firm Partners Group, which is retaining a71.1% stake in KLC following the IPO.
For the six months ended June 29, 2024, revenue increased by 6.2% to $1.345 bln. KLC has-been benefiting from the return-to-office trend, and it has also been raising prices. For this same period, operating income fell by 32% yr/yr to $114.2 mln as SG&A costs increased by11% to $169.0 mln.
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