TrueBlue sees Q4 revenue $399M-$424M , consensus $410.87M

Sees Q4 EBITDA adjustments $3M. Sees Q4 gross margin decrease of 370-410 basis points. Sees Q4 SG&A $91M-$95M. Sees FY25 capital expenditures $17M-$19M. Says gross margin decline due primarily to prior year workers’ compensation reserve adjustments not expected to repeat at the same level and changes in business mix. Says reduced operating costs while growing revenue as targeted actions to streamline cost structure are translating into stronger leverage and enhanced profitability. Comments and guidance taken from Q3 earnings conference call.