By Sarina Isaacs
Shares of KinderCare Learning slipped after the early-childhood education provider swung to a fourth-quarter loss.
The stock was down 19%, at $14.25, in early-afternoon trading Friday, and has lost about 46% over the past year.
The Lake Oswego, Ore., company late Thursday said it booked a fourth-quarter loss of $133.6 million, or $1.17 a share, compared with a profit of $14.8 million, or 16 cents a share, a year earlier.
Adjusted earnings came in at 9 cents a share, compared with analyst expectations for 5 cents a share, according to FactSet.
Revenue rose 4.7%, to $647 million, about in line with analyst estimates of $646.7 million.
For 2025, the company expects adjusted income of about 75 cents to 85 cents per share, largely better than the analyst consensus of 75 cents. Revenue is pegged at $2.75 billion to $2.85 billion, while Wall Street was seeking a hair above $2.85 billion.
The company noted that the 2025 outlook includes an extra week, which it expects to contribute an additional $45 million to $50 million in revenue.
Write to Sarina Isaacs at sarina.isaacw@wsj.com
(END) Dow Jones Newswires
March 21, 2025 13:14 ET (17:14 GMT)
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