Kelly Services(KELYA) - 2023 Q2 - Earnings Call Transcript
Kelly Services(KELYA)2023-08-11 03:12
SG&A expenses were down 3.4% year-over-year on a reported basis. Expenses for the second quarter of 2023 include 5.6 million of charges related to our ongoing transformation efforts. So on an adjusted constant currency basis, expenses declined by 6.2% in the quarter. Contributing to the decline was lower performance-based incentive compensation related to our lower gross profit levels and we have also started to see the early positive impact of our transformation efforts. As of the end of Q2, accounts recei ...