BGSF, Inc. reported its financial results for the first fiscal quarter ended March 30, 2025, with revenues of $63.2 million. This represents an 8.0% decrease from the first quarter of 2024, though the company's revenue topped analyst estimates.
The company reported a net loss for the quarter. However, BGSF realized the majority of its planned cost savings, primarily from headcount reductions, during Q1 2025, with the full effect of these savings expected in Q2 2025.
These cost reductions are part of a broader plan announced in December 2024, which aimed for $7 million to $9 million in cash savings for 2025. The realization of these savings is a key step in improving the company's profitability amidst ongoing macroeconomic uncertainties.
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