KinderCare Learning Cos

Q2 FY2026 EarningsQ2 FY26 results presented a mix of in-line revenue and a significant earnings miss on a GAAP basis, though adjusted EPS met consensus. Revenue reached $697.5M, slightly below the $698.0M consensus, as a 4.0% enrollment decline in early childhood centers offset price hikes. GAAP results were marred by a massive $273.5M goodwill impairment and higher operational costs, resulting in a net loss of $0.07 per share. Management updated FY26 revenue guidance to $2.66B-$2.70B, broadly in line with expectations, while focused on center optimization to stabilize margins.