Strong Fourth Quarter Revenue Growth
Total revenues grew 5% year-over-year in Q4, with total adjusted EBITDA also increasing by 5%.
Initial Public Offering Success
KinderCare successfully completed its IPO in early October, marking a pivotal milestone for the company.
Champions Business Expansion
Champions business revenue grew 12% in Q4, with sites increasing by 8% over the year.
Positive Full-Year Performance
For the full year 2024, revenue grew to $2.7 billion, up 6% from 2023, and adjusted EBITDA increased by 12% year-over-year.
Significant Debt Reduction
KinderCare reduced its net debt significantly from $1.38 billion to $864 million by year-end 2024.
High Teacher Retention
KinderCare maintained high levels of teacher retention in 2024, underscoring a positive work culture.