02:47 PM EDT, 08/14/2026 (MT Newswires) -- (Updates with the latest stock moves in the headline and first paragraph, and prior guidance in the fifth paragraph.)

KinderCare Learning Companies ( KLC ) shares were down nearly 44% in Friday afternoon trading after the company slashed its fiscal 2026 outlook and reported lower Q2 results.

The company reported late Thursday Q2 adjusted earnings of $0.08 per diluted share, down from $0.22 a year earlier.

Revenue for the quarter ended July 4 was $697.5 million, down from $700.1 million a year ago.

Analysts surveyed by FactSet expected $697.9 million.

For 2026, the company now expects adjusted EPS of $0.05 to $0.15 on revenue of $2.66 billion to $2.70 billion. It previously projected adjusted EPS of $0.15 to $0.25 on revenue of $2.7 billion to $2.75 billion.

Analysts expected revenue of $2.71 billion.

Price: 2.73, Change: -2.11, Percent Change: -43.58