| Business Summary | | Kindercare
Learning
Centers,
Inc.
is
a
for-profit
provider
of
educational
services
and
care
to
children
primarily
between
the
ages
of
six
weeks
and
five
years
in
the
United
States.
Recently,
KinderCare
has
taken
steps
to
become
a
more
broad-based
education
company
that
provides
educational
content
and
services
to
0
to
18
year
olds.
In
its
early
childhood
education
and
care
business,
the
Company
operates
two
primary
types
of
centers.
KinderCare
community
centers,
which
comprise
the
vast
majority
of
its
centers,
typically
provide
educational
services
and
care
to
children
between
the
ages
of
six
weeks
and
12
years.
At
its
KinderCare
At
Work
centers,
the
Company
partners
with
employers
to
meet
their
individual
needs
for
on-site/near-site
early
childhood
education
and
care
for
the
families
of
their
employees.
At
July
28,
2000,
the
Company
operated
a
total
of
1,132
childcare
centers
and
served
approximately
111,000
children
and
their
families. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | KinderCare
Learning
Centers
provides
proprietary
child
care
centers
and
pre-school
education
services
in
39
states
and
the
United
Kingdom.
For
the
40
weeks
ended
3/9/01,
operating
revenues
increased
7%
to
$551.4
million.
Net
income
before
accounting
change
decreased
27%
to
$8.9
million.
Revenues
reflect
the
opening
of
28
new
centers
and
tuition
rate
increases.
Net
income
was
offset
by
increased
operating
expenses
as
a
result
of
the
new
centers. Recent Earnings Announcement For
the
12
weeks
ended
06/01/2001,
revenues
were
191,997;
after
tax
earnings
were
7,604. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| David Johnson, 54 CEO,
Chairman | $1.3M | Robert Abeles, 54 Exec.
VP and CFO | 377K | Dan Jackson, 46 Sr.
VP of Fin. | 294K | Eva Kripalani Sr.
VP, Gen. Counsel, Sec. | -- | Edward Brewington Sr.
VP of HR | -- | Dollar amounts are as of 2-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|