KinderCare Learning Companies updated its full-year guidance to revenue between $2.66 billion and $2.7 billion, adjusted EBITDA between $200 million and $220 million, and adjusted EPS between $0.05 and $0.15, while targeting 80 to 85 center closures in 2026. The company completed 49 center closures during the second quarter and expects most remaining consolidations to occur in the fourth quarter. Second quarter revenue was $698 million, down slightly from $700 million the prior year, with a net loss of $8.8 million and adjusted EPS of $0.08. Management cited lower enrollment, an $11 million impact from closures, and reduced tuition contribution expectations due to slower state subsidy reimbursement rate increases. The company also provided third quarter guidance of revenue between $660 million and $680 million and adjusted EBITDA between $44 million and $48 million.
KinderCare Learning Companies, Inc.Lower enrollment and reduced tuition contribution expectations due to slower state subsidy reimbursement rate increases.
