Company: KELYB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000055135-25-000080
Chunk: 1

Company: KELLY SERVICES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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PREHENSIVE INCOME (LOSS)

(UNAUDITED)

(in millions)

  13 Weeks Ended39 Weeks Ended September 28,2025September 29,2024September 28,2025September 29,2024Net earnings (loss)$(150.1)$0.8 $(125.3)$31.2 Other comprehensive income (loss), net of tax:  Foreign currency translation adjustments, net of tax benefits of $0.0 and $0.1, tax expense of $0.6 and tax benefit of $0.1, respectively(0.2)1.2 6.1 (1.3)Less: Reclassification adjustments included in net earnings— — — (0.6)Foreign currency translation adjustments(0.2)1.2 6.1 (1.9)Pension liability adjustments, net of tax benefit of $0.4— — — — Less: Reclassification adjustments included in net earnings— — — 0.4 Pension liability adjustments— — — 0.4 Other comprehensive income (loss)(0.2)1.2 6.1 (1.5)Comprehensive income (loss)$(150.3)$2.0 $(119.2)$29.7 

See accompanying unaudited Notes to Consolidated Financial Statements.

5 

KELLY SERVICES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS 

(UNAUDITED)

(in millions)September 28,2025December 29, 2024AssetsCurrent Assets  Cash and equivalents$30.1 $39.0 Trade accounts receivable, less allowances of $11.1 and $8.4, respectively1,195.6 1,255.5 Prepaid expenses and other current assets54.1 71.0 Total current assets1,279.8 1,365.5 Noncurrent AssetsProperty and equipment:Property and equipment130.0 140.0 Accumulated depreciation(107.9)(114.2)Net property and equipment22.1 25.8 Operating lease right-of-use assets44.3 47.0 Deferred taxes289.1 330.1 Retirement plan assets285.8 258.1 Goodwill202.1 304.2