TrueBlue, Inc. Provides Revenue Guidance for the Fourth Quarter of 2022 and First Quarter of 2023
October 24, 2022 at 05:30 pm EDT
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TrueBlue, Inc. provided revenue guidance for the quarter of 2022 and first quarter of 2023. For the fourth quarter of 2022, the company expects a revenue decline of 12% to 8% compared to fourth quarter of last year.
In the first quarter of 2023, the company expects revenue growth will be suppressed for the same reason as fourth quarter of 2022, which will create a 6% drag for the first quarter of 2023.
TrueBlue, Inc. is a provider of specialized workforce solutions. It operates through three segments: PeopleReady, PeopleScout and PeopleManagement. The PeopleReady segment provides on-demand and skilled labor in a range of industries, such as construction, transportation, manufacturing, retail, hospitality, and renewable energy. The PeopleScout segment provides permanent employee recruitment process outsourcing, employer branding services and management of outsourced labor service providers through the operating segments: PeopleScout Recruitment Process Outsourcing (RPO), which outsources recruitment of permanent employees on behalf of clients and employer branding services; and PeopleScout managed service provider (MSP), which manages multiple third-party staffing vendors on behalf of clients. It also provides talent advisory solutions. The PeopleManagement segment offers contingent, on-site industrial staffing and commercial driver services primarily on-site at the clientâs facility.
TRUEBLUE, INC. 
