Company: KELYB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000055135-25-000080
Chunk: 0

Company: KELLY SERVICES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

KELLY SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS

(UNAUDITED)

(in millions, except per share data)

  13 Weeks Ended39 Weeks EndedSeptember 28,2025September 29,2024September 28,2025September 29,2024Revenue from services$935.0 $1,038.1 $3,201.7 $3,140.7 Cost of services741.0 816.4 2,545.7 2,499.6 Gross profit194.0 221.7 656.0 641.1 Selling, general and administrative expenses194.4 219.0 627.4 601.0 Goodwill impairment charge102.0 — 102.0 — Asset impairment charge— — — 5.5 (Gain) loss on sale of EMEA staffing operations(0.3)— (4.3)(1.6)(Gain) loss on sale of assets— 0.1 — (5.4)Earnings (loss) from operations(102.1)2.6 (69.1)41.6 Gain on forward contract— — — 1.2 Other income (expense), net(1.6)(4.4)(7.1)(9.1)Earnings (loss) before taxes(103.7)(1.8)(76.2)33.7 Income tax expense (benefit)46.4 (2.6)49.1 2.5 Net earnings (loss)$(150.1)$0.8 $(125.3)$31.2 Basic earnings (loss) per share$(4.26)$0.02 $(3.56)$0.86 Diluted earnings (loss) per share$(4.26)$0.02 $(3.56)$0.85 Average shares outstanding (millions):  Basic35.3 35.6 35.2 35.5 Diluted35.3 36.0 35.2 35.9  

 See accompanying unaudited Notes to Consolidated Financial Statements.

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KELLY SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COM