Staffing 360 Solutions's Q2 revenue expected to exceed $35m
"We are pleased to announce revised revenue guidance that is nearly $3.0 million greater than our previous estimates," stated Matt Briand, CEO of Staffing 360 Solutions. "Our guidance represents significant year-over-year revenue growth and is a major testament to both our targeted M&A and organic growth strategies. As we continue to pursue our Pathway to Profitability, we look forward to keeping the investment community apprised of our progress and achievements."
Staffing 360 Solutions has grown significantly over the past year. As part of the Company's growth strategy, Staffing 360 Solutions has successfully completed five acquisitions, including operations in the United States and United Kingdom. The Company reported revenues of approximately $2.0 million for the quarter ended November 30, 2013 versus its guidance of $35.0 million for the same period this year.
Staffing 360 Solutions believes that the highly fragmented temporary staffing industry is ideally suited for a consolidation strategy. The management team continues to create a robust pipeline of prospective acquisitions with a longer term objective of driving annual revenues in excess of $300 million.