KinderCare Learning Companies, Inc.
For the period ended Aug 12, 2025. Filed Aug 12, 2025.
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Aug 12, 2025 · Filed Aug 12, 2025
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EX-99.1 · (In thousands, except per share data)
(In thousands, except per share data)
The following table shows EBIT, EBITDA, and adjusted EBITDA for the periods presented, and the reconciliation to its most comparable GAAP measure, net income, for the periods presented:
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 28, | June 29, | June 28, | June 29, | |
| 2025 | 2024 | 2025 | 2024 | |
| Net income | $38,588 | $28,535 | $59,745 | $26,784 |
| Add back: | ||||
| Interest expense | 20,073 | 43,927 | 40,181 | 80,347 |
| Interest income | (1,424) | (1,752) | (2,083) | (3,860) |
| Income tax expense | 14,488 | 10,376 | 22,326 | 14,718 |
| EBIT | $71,725 | $81,086 | $120,169 | $117,989 |
| Add back: | ||||
| Depreciation and amortization | 31,074 | 29,212 | 61,051 | 57,752 |
| EBITDA | $102,799 | $110,298 | $181,220 | $175,741 |
| Add back: | ||||
| Impairment losses (1) | 2,235 | 1,521 | 3,745 | 5,883 |
| Stock-based compensation (2) | 3,461 | 1,413 | 7,534 | 1,308 |
| Management and advisory fee expenses (3) | — | 1,216 | — | 2,432 |
| Acquisition related costs (4) | — | — | — | 16 |
| Non-recurring distribution and bonus expense (5) | — | — | — | 19,287 |
| COVID-19 Related Stimulus, net (6) | (26,050) | (31,281) | (26,713) | (50,775) |
| Other costs (7) | — | 3,184 | 210 | 6,899 |
| Adjusted EBITDA | $82,445 | $86,351 | $165,996 | $160,791 |
The following table shows adjusted net income and adjusted net income per common share for the periods presented and the reconciliation to the most comparable GAAP measure, net income and net income per common share, respectively, for the periods presented:
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 28, | June 29, | June 28, | June 29, | |
| 2025 | 2024 | 2025 | 2024 | |
| Net income | $38,588 | $28,535 | $59,745 | $26,784 |
| Income tax expense | 14,488 | 10,376 | 22,326 | 14,718 |
| Net income before income tax | $53,076 | $38,911 | $82,071 | $41,502 |
| Add back: | ||||
| Amortization of intangible assets | 2,309 | 2,284 | 4,618 | 4,568 |
| Impairment losses (1) | 2,235 | 1,521 | 3,745 | 5,883 |
| Stock-based compensation (2) | 3,461 | 1,413 | 7,534 | 1,308 |
| Management and advisory fee expenses (3) | — | 1,216 | — | 2,432 |
| Acquisition related costs (4) | — | — | — | 16 |
| Non-recurring distribution and bonus expense (5) | — | — | — | 19,287 |
| COVID-19 Related Stimulus, net (6) | (26,050) | (31,281) | (26,713) | (50,775) |
| Loss on extinguishment of long-term debt, net (8) | — | 895 | — | 895 |
| Other costs (7) | — | 3,184 | 210 | 6,899 |
| Adjusted income before income tax | 35,031 | 18,143 | 71,465 | 32,015 |
| Adjusted income tax expense (9) | 9,042 | 4,683 | 18,445 | 8,263 |
| Adjusted net income | $25,989 | $13,460 | $53,020 | $23,752 |
| Net income per common share: (10) | ||||
| Basic | $0.33 | $0.32 | $0.51 | $0.30 |
| Diluted | $0.33 | $0.32 | $0.50 | $0.30 |
| Adjusted net income per common share: (10) | ||||
| Basic | $0.22 | $0.15 | $0.45 | $0.26 |
| Diluted | $0.22 | $0.15 | $0.45 | $0.26 |
| Weighted average number of common shares outstanding: (10) | ||||
| Basic | 118,309 | 90,366 | 118,274 | 90,366 |
| Diluted | 118,371 | 90,366 | 118,346 | 90,366 |
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