Trueblue, Inc. Provides Revenue Guidance for the First Quarter of 2023
February 01, 2023 at 05:30 pm EST
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TrueBlue, Inc. provided revenue guidance for the first quarter of 2023. For the period, the company expected revenue decline of 18% to 13% in first quarter of 2023. Similar to fourth quarter of 2022, first quarter of 2023 is also facing a demand surge of 7% in the prior period comparison, which translates into an underlying revenue decline of 8%, based on the midpoint of first quarter of 2023 outlook.
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. 
