By Connor Hart
Shares of KinderCare Learning fell to an all-time low after the company cut its full-year outlook and logged lower third-quarter earnings.
The stock was down 16% to $4.19 shortly after Thursday's opening bell, on pace for its lowest closing value since its initial public offering last year, and earlier hit a record low of $3.80. Shares have lost more than three-quarters of their value in the past 12 months.
The provider of early-childhood education said late Wednesday that it now expects adjusted earnings of 64 cents to 67 cents a share on revenue of $2.72 billion to $2.74 billion in 2025. The Lake Oswego, Ore., company had previously guided for adjusted earnings of 77 cents to 82 cents a share on revenue of $2.75 billion to $2.8 billion.
Analysts polled by FactSet were looking for adjusted earnings of 77 cents a share on revenue of $2.76 billion.
"While we are operating in a more complex economic environment, we believe the influence these factors have on our results are near-term in nature," Chief Executive Paul Thompson said.
For its three months ended Sept. 27, KinderCare posted a profit of $4.55 million, or 4 cents a share, compared with $14 million, or 15 cents a share, a year earlier.
Stripping out one-time items, adjusted earnings were 13 cents a share. Analysts had expected adjusted earnings of 12 cents a share.
Revenue ticked up 0.8% to $676.8 million but missed the $682.6 million that Wall Street modeled.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
November 13, 2025 10:05 ET (15:05 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments