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KinderCare Learning Companies, Inc. (KLC) Q1 2025 Earnings Call Transcript

KinderCare Learning Companies, Inc. (NYSE:KLC) Q1 2025 Results Conference Call May 13, 2025 5:00 PM ET

Company Participants

Olivia Kirrer – Vice President, Growth Finance and M&A
Paul Thompson – Chief Executive Officer
Tony Amandi – Chief Financial Officer

Conference Call Participants

Toni Kaplan – Morgan Stanley
Andrew Steinerman – JPMorgan
Ronan Kennedy – Barclays
Jeff Meuler – Baird
George Tong – Goldman Sachs
Jeff Silber – BMO
Josh Chan – UBS

Operator

Welcome to KinderCare’s First Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] It is now my pleasure to introduce Olivia Kirrer, Kindercare’s VP of Investor Relations. Ms. Kirrer, you may begin your conference.

Olivia Kirrer

Thank you and good evening, everyone. Welcome to KinderCare’s first quarter earnings call. Joining me from the company are our Chief Executive Officer, Paul Thompson, and Chief Financial Officer; Tony Amandi. Following Paul and Tony’s comments today, we will have a question and answer session.

During this call, we will be discussing non-GAAP financial measures, the most directly comparable GAAP financial measures, and a reconciliation of the differences between the GAAP and non-GAAP financial measures are available in our earnings release.

And finally, a reminder that certain statements made today may be forward-looking statements. These statements are made based upon management’s current expectations and beliefs concerning future events impacting the company and involve a number of uncertainties and risks, which are explained in detail in our most recent annual report on Form 10-K and other filings with the SEC. Please refer to these filings for a more detailed discussion of forward-looking statements and the risk and uncertainties of such statements. The actual results of operations or financial condition of the company could differ materially from those expressed

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