Stride Announces Plan to Continue Record Growth of General Education and Career Programs while Expanding into New Markets
November 14 2023 - 4:30PM
Business Wire
Expects Earnings Per Share to More than
Double by 2028
Stride Inc. (NYSE: LRN) one of the nation’s leading
technology-based education companies hosted an Investor Day at its
headquarters in Reston, VA today.
At the event, Stride presented its updated long-term strategy,
expectations for continued market growth, and introduced new long
term FY2028 targets.
- FY2028 Revenue in the range of $2.7B to $3.3B
- FY2028 Adjusted Operating Income in the range of $415M to
$585M
- FY2028 Earnings Per Share of $6.15 to $8.35
“We’re incredibly excited about the trajectory that Stride is on
and believe our long-range targets demonstrate sustained growth and
leverage in the underlying business,” said James Rhyu, Stride CEO.
“We also see a clear path to addressing more students by adding
innovative new products and entering new markets. Stride is
positioned to be able to change the future for millions of students
while continuing to drive shareholder value over the
long-term.”
A recording of the Investor Day and Presentation Materials will
be made available on the Stride Investor Relations website.
About Stride Inc.
At Stride, Inc. (NYSE: LRN), we are reimagining learning—where
learning is lifelong, deeply personal, and prepares learners for
tomorrow. The company has transformed millions of people’s teaching
and learning experiences by providing innovative, high-quality,
tech-enabled education solutions, curriculums, and programs
directly to students, schools, the military, and enterprises in
primary, secondary, and postsecondary settings. Stride is a premier
provider of K–12 education for students, schools, and districts,
including career learning services through middle and high school
curriculums. For adult learners, Stride delivers professional
skills training in healthcare and technology, as well as staffing
and talent development for Fortune 500 companies. Stride has
delivered millions of courses over the past decade and serves
learners in all 50 states and more than 100 countries. More
information can be found at stridelearning.com, K12.com,
galvanize.com, techelevator.com, and medcerts.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231114715779/en/
Investor Contact Timothy Casey Vice President, Investor
Relations Stride, Inc. tcasey@k12.com
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