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TrueBlue Reports Fourth Quarter and Full-Year 2024 Results

1. TrueBlue reported a 16% decrease in Q4 2024 revenue year-over-year. 2. The company incurred a net loss of $12 million, up from $3 million last year.

Earnings
-15.03%Current Return
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-0.39%S&P 500
$7.4502/19 04:19 PM EDTEvent Start
$6.3302/20 11:04 PM EDTLatest Updated
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FAQ

Why Very Bearish?

A significant revenue drop and increased net loss indicate financial struggles. Past similar earnings reports have negatively impacted stock prices.

How important is it?

Earnings reports are crucial indicators of financial health, directly impacting investor sentiment and stock performance. A decline in revenue and increased loss significantly lowers investor confidence.

Why Short Term?

The immediate effect from disappointing quarter results typically reflects in short-term price actions. Companies often experience volatility in the wake of such disappointing earnings.

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TBI
TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE:TBI) today announced its fourth quarter and full-year results for 2024. Fourth Quarter 2024 Financial Highlights Revenue of $386 million compared to $492 million in the prior year period Fiscal fourth quarter for 2024 consisted of 13 weeks versus 14 weeks in the fiscal fourth quarter of 2023 Revenue decreased 16 percent on a comparable 13-week basis Net loss of $12 million compared to net loss of $3 million in the prior year period SG&A expense.

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