More on TAL Education's FQ1

• TAL Education (NYSE:XRS) reports gross profit rate declined 29 bps to 52.88%.
• Adjusted operating margin dropped 83 bps to 19.06%.
• Total students enrollment rose 47.7% Y/Y to ~412,120 driven primarily by increases of enrollments in the small class offerings and online courses.
• The total number of learning centers +14 Q/Q to 303.
• FQ2 Guidance: Total net revenues: $161.5M to $165.2M (+32% to 35% Y/Y).
• XRS +0.20% premarket.
• FQ1 results