---
schema_version: "secwatch.filing_event.v1"
accession: "0000768899-23-000082"
form_type: "8-K"
ticker: "TBI"
cik: "0000768899"
company_name: "TrueBlue, Inc."
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T20:14:55.735092+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000768899-23-000082
- form_type: 8-K
- ticker: TBI
- cik: 0000768899
- company_name: TrueBlue, Inc.
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/768899/000076889923000082/0000768899-23-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/768899/000076889923000082/tbi-20230424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000768899-23-000082
- JSON: https://secwatch.observer/filing/0000768899-23-000082.json
- Plain text: https://secwatch.observer/filing/0000768899-23-000082.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/768899/000076889923000082/0000768899-23-000082-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.