KinderCare's Painful Pruning: A Cautionary Tale for the Childcare Industry KinderCare Learning Companies' (NASDAQ: KLC) second quarter results sent shockwaves through the childcare industry.
The company is closing dozens of underperforming centers in an effort to lift occupancy rates and trim annual rent, a stark reminder that even large players can't escape declining enrollment and increasing competition.
The Champions program appears to be a bright spot, with revenue climbing 13. 4% to $59. 4 million on the back of 85 new sites added over the past year.