NYSE$TBI
TrueBlue Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
TrueBlue's financial performance declined due to softening demand and client focus on cost reduction.
TrueBlue reported a decrease in revenue and a net loss for the second quarter of 2023, driven by softening demand and clients focusing on cost reduction. Revenue decreased by 16% compared to the previous year, and the company reported a net loss per diluted share of $0.24, which included a non-cash goodwill and intangible asset impairment charge.
- Second quarter revenue was $476 million, a 16 percent decrease year-over-year.
- Net loss per diluted share was $0.24, compared to net income per diluted share of $0.72 in the second quarter of 2022.
- Adjusted net income per diluted share was $0.17, compared to $0.82 in the second quarter of 2022.
- The net loss includes a non-cash goodwill and intangible asset impairment charge of $9 million after tax, or $0.30 per diluted share.
Headline financials
Revenue & EPS history
TrueBlue · Revenue · Quarterly
$476M
Revenue by segment
TrueBlue · $477M total across 2 segments · Q4 2020
- PeopleReady$297M-18.5%62.4%
- PeopleManagement$179M+4.6%37.6%
Forward guidance
TrueBlue is providing certain forward-looking information to help investors form their own estimates, which can be found in the quarterly earnings presentation filed today.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-3.2%
Avg return
Earnings day
-4.7%
Avg return
5 days after
-1.2%
Avg return
30 days after
34%
23 / 68 earnings
Positive
+25.0%
Q1 2021
Best reaction
-28.2%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | -11.1% | +9.8% | |
| Q4 2025 | -14.3% | -23.9% | -20.8% | |
| Q3 2025 | +17.3% | +4.9% | +6.6% | |
| Q1 2025 | -10.5% | +2.6% | +39.9% | |
| Q4 2024 | -15.0% | -20.3% | -23.4% | |
| Q3 2024 | -3.6% | +3.6% | +7.9% | |
| Q2 2024 | -28.2% | -31.6% | -30.9% | |
| Q1 2024 | -0.1% | +2.4% | +5.0% | |
| Q4 2023 | -13.8% | -10.9% | -5.7% | |
| Q3 2023 | -23.1% | -22.2% | -2.2% | |
| Q2 2023 | -17.5% | -17.5% | -14.8% | |
| Q1 2023 | -13.8% | -13.2% | -0.9% | |
| Q4 2022 | -7.9% | -5.7% | -4.8% | |
| Q3 2022 | -10.2% | -6.1% | -2.7% | |
| Q2 2022 | +9.2% | +14.5% | +14.9% | |
| Q1 2022 | -9.3% | -12.4% | -22.2% | |
| Q4 2021 | +6.3% | -0.9% | -0.8% | |
| Q3 2021 | -10.2% | -13.2% | -12.8% | |
| Q2 2021 | +6.6% | +6.6% | +2.6% | |
| Q1 2021 | +25.0% | +22.8% | +16.0% | |
| Q4 2020 | +3.0% | +2.9% | +8.5% | |
| Q3 2020 | -14.8% | -15.8% | +10.4% | |
| Q2 2020 | +23.5% | +13.0% | +19.7% | |
| Q1 2020 | -3.4% | -4.3% | +6.4% | |
| Q4 2019 | -23.4% | -26.8% | -35.7% | |
| Q3 2019 | +5.5% | +3.7% | +4.7% | |
| Q2 2019 | -13.7% | -12.5% | -15.8% | |
| Q1 2019 | -5.3% | -3.2% | -14.0% | |
| Q4 2018 | -10.7% | -5.7% | -13.0% | |
| Q3 2018 | -1.6% | +2.0% | -2.1% | |
| Q2 2018 | -1.6% | -0.5% | +6.9% | |
| Q1 2018 | -10.5% | -9.2% | -1.8% | |
| Q4 2017 | +5.6% | +8.0% | +8.8% | |
| Q3 2017 | +10.8% | +9.8% | +18.8% | |
| Q2 2017 | -12.4% | -15.0% | -20.7% | |
| Q1 2017 | -1.3% | -1.3% | -1.8% | |
| Q4 2016 | +1.9% | +4.4% | +10.6% | |
| Q3 2016 | -12.3% | -16.1% | -4.7% | |
| Q2 2016 | +12.2% | +13.5% | +7.6% | |
| Q1 2016 | -23.5% | — | — | |
| Q4 2015 | +3.4% | — | — | |
| Q3 2015 | +18.5% | — | — | |
| Q2 2015 | -8.0% | — | — | |
| Q1 2015 | +12.9% | — | — | |
| Q4 2014 | -4.9% | — | — | |
| Q3 2014 | -9.3% | — | — | |
| Q2 2014 | -7.6% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | +11.5% | — | — | |
| Q3 2013 | -3.1% | — | — | |
| Q2 2013 | +7.8% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2012 | +8.3% | — | — | |
| Q3 2012 | -15.6% | — | — | |
| Q2 2012 | -3.0% | — | — | |
| Q1 2012 | +1.7% | — | — | |
| Q4 2011 | +1.4% | — | — | |
| Q3 2011 | -8.1% | — | — | |
| Q2 2011 | -8.4% | — | — | |
| Q1 2010 | +2.0% | — | — | |
| Q1 2011 | +1.3% | — | — | |
| Q4 2008 | -8.2% | — | — | |
| Q4 2010 | -8.2% | — | — | |
| Q3 2010 | -4.2% | — | — | |
| Q3 2009 | -4.2% | — | — | |
| Q2 2009 | -0.8% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q2 2010 | -0.8% | — | — |
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