KinderCare hits all-time low on weak revenue forecast

Shares of early childhood education provider KinderCare KLC.N fall 21% to all-time low of $13.94 after disappointing FY 2025 revenue forecast

KLC expects FY 2025 revenue to be between $2.75 billion and 2.85 billion, lower end of which is well below analysts' avg. expectation of 2.86 bln - data compile by LSEG

At least three brokerages cut PT on stock

Morgan Stanley points out increased risk to revenue from potential changes to government subsidies under new administration

"Investors have been skeptical of companies' revenue sources that rely on the Federal government, and KLC receives 35% of revenue from government subsidies," brokerage says

Including session's move, stock has fallen 17.7% YTD