TrueBlue Q2 revenue $476M (-16% YoY); posts net loss $0.24/sh vs income $0.72/sh prior year

TrueBlue, Inc.

2023-Q2 EPS reported -$0.37 revenue$940,876,000

Revenue $476M, down 16% from $569M in Q2 2022.
GAAP net loss per diluted share $0.24; adjusted net income $0.17/sh vs $0.82/sh prior year.
Non-cash goodwill & intangible impairment of $9M after tax ($0.30/sh) included in loss.
CEO Steve Cooper: softening demand; clients focused on cost reduction and selective hiring.
No specific numeric guidance provided; further outlook in earnings presentation.

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 second quarter ended June 25, 2023 results: revenue $476 million, EPS $0.24 per diluted share.

Period: second quarter ended June 25, 2023
Revenue: $476 million
EPS: $0.24 per diluted share
Result: reported results

Exact text from the filing

Second quarter revenue was $476 million, a decrease of 16 percent compared to revenue of $569 million in the second quarter of 2022. Net loss per diluted share was $0.24 compared to net income per diluted share of $0.72 in the second quarter of 2022.

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Source: SEC EDGAR

accession 0000768899-23-000103

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