KinderCare (KLC) Trims Its Footprint While Enrollment Keeps Slipping
KinderCare (KLC) reported Q2 revenue of $697.5M, down 0.4%, and a net loss of $8.8M. The company is closing 80-85 underperforming centers to improve occupancy. Champions program revenue grew 13.4% to $59.4M. Core business saw a 4% enrollment decline, and adjusted EBITDA fell to $63M. Full-year EPS guidance lowered to $0.05-$0.15.




