Trueblue ( (TBI) ) has provided an update.
TrueBlue reported a challenging third quarter in 2024 with a 19% decline in revenue to $382 million compared to the previous year, resulting in a net loss of $8 million. Despite these hurdles, the company is focusing on strategic priorities like digital transformation and expanding its market presence to better position itself for future growth. TrueBlue remains debt-free with $15 million in cash and continues to engage with clients while scaling operations to align with market demands.
For a thorough assessment of TBI stock, go to TipRanks’ Stock Analysis page.
