TrueBlue Q1 revenue down 16% to $465M; net loss $0.13 per share vs net income $0.30 YoY

TrueBlue, Inc.

2023-Q1 EPS reported -$0.13 revenue$465,288,000

Revenue $465M (-16% YoY); net loss $0.13/diluted share vs net income $0.30 in Q1 2022.
Adjusted net loss per diluted share $0.06; adjusted net income per share was $0.44 last year.
PeopleReady revenue trends steady since Oct; PeopleScout and PeopleManagement saw slower demand in Q1.
Repurchased $25M of common stock during Q1; $64M remaining under authorization.
CEO cites macroeconomic uncertainty; cost actions taken in PeopleScout and PeopleManagement.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TrueBlue, Inc. reported first quarter ended March 26, 2023 results: revenue $465 million, EPS $0.13.

Period: first quarter ended March 26, 2023
Revenue: $465 million
EPS: $0.13
Result: reported results

Exact text from the filing

First quarter revenue was $465 million, a decrease of 16 percent compared to revenue of $552 million in the first quarter of 2022. Net loss per diluted share was $0.13 compared to net income per diluted share of $0.30 in the first quarter of 2022.

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Source: SEC EDGAR

accession 0000768899-23-000082

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