KinderCare Learning Q1 Adjusted Earnings Fall, Revenue Rises; Shares Drop After Hours
MT Newswires Live
May 15
KinderCare Learning (KLC) reported Q1 adjusted earnings late Thursday of $0.04 per diluted share, down from $0.23 a year earlier.
Analysts surveyed by FactSet expected a loss of $0.01.
Revenue in the three months ended April 4 rose to $672.5 million from $668.2 million a year earlier.
Analysts surveyed by FactSet expected $669.1 million.
The company boosted full-year adjusted EPS guidance to $0.15 to $0.25 from the previous forecast of $0.10 to $0.20. It affirmed the revenue outlook of $2.7 billion to $2.75 billion.
Analysts expect EPS of $0.15 on revenue of $2.71 billion.
KinderCare shares fell 6.2% in after-hours trading.
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