Kindercare Learning Companies, Inc.(US:KLC)2025-11-12 22:00Financial Performance - Revenue for Q3 2025 was $676.8 million, compared to $671.5 million in Q3 2024[16, 20], representing a growth of approximately 0.8%[20] - Adjusted EBITDA for Q3 2025 was $66.4 million, while in Q3 2024 it was $71.4 million[20] - Same-center revenue for Early Childhood Education (ECE) was $616.9 million in Q3 2025, nearly the same as $616.7 million in Q3 2024[16], showing a 0.0% change[30] - The company updated its FY25 guidance with revenue projected between $2.72 billion and $2.74 billion, and adjusted EBITDA between $290 million and $295 million[37] Operational Metrics - The number of early childhood education centers increased from 1,573 in September 2024 to 1,595 in September 2025[16], a net increase of 22 centers - Before- and after-school sites increased from 1,018 in September 2024 to 1,138 in September 2025[16], a net increase of 120 sites - Average weekly ECE Full Time Enrollments (FTEs) decreased from 143,298 in Q3 2024 to 140,515 in Q3 2025[16] - ECE same-center occupancy decreased from 68.6% in Q3 2024 to 67.0% in Q3 2025[16], a decrease of 160 basis points[30] Strategic Initiatives - Champions added over 200 new sites year-to-date, bringing the trailing twelve-month (TTM) net total to 120 additional sites[13] - The company signed 20 new employers in Q3, resulting in 317,000 additional employees eligible for the tuition benefit program[14] - The company opened 3 new KinderCare for Employers on-site centers in Q3, with an average employer on-site portfolio occupancy exceeding 70%[13]