secwatch.observer — SEC 8-K summary
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Issuer:     TrueBlue, Inc. (TBI)
CIK:        0000768899
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0000768899-23-000082
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/768899/000076889923000082/0000768899-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/768899/000076889923000082/tbi-20230424.htm
  HTML page:      https://secwatch.observer/filing/0000768899-23-000082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer