TrueBlue (TBI) 8-K Trueblue Reports Second Quarter 2009 Results

Exhibit 99.2

TrueBlue, Inc.

2009 ASSUMPTIONS

(Unaudited)

	2009 Estimates
Branches in operation on June 26, 2009	775
Branches closed year to date	77
Revenue loss from announced branch closings	-6%
Reduction in SG&A from branch closures in 2008 & 2009	$30 M
Revenue growth from 2008 acquisitions	1%
Incremental SG&A from 2008 acquisitions	$3 M
Variable SG&A associated with same branch revenue	6%
Gross Margin	28.5% - 29.0%
Depreciation & Amortization	$17.5 M
Capital Expenditures	$15 M
Income Taxes
Statutory income tax rate	39%
Tax credits net of non-deductable items	$0.3 M
Weighted Average Diluted Share Count	43 M

TrueBlue, Inc.

Analysis of Revenue Growth / (Decline)

(Unaudited)

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	June 26, 2009		June 27, 2008		June 26, 2009		June 27, 2008
Major Revenue Trends
Organic revenue growth / (decline)	-34.2	%	-12.2	%	-32.9	%	-8.1	%
Acquisitions within last 12 months	0.8	%	17.8	%	0.8	%	16.4	%
Total revenue growth / (decline)	-33.4	%	5.6	%	-32.1	%	8.3	%
Organic Revenue Trends*
Same branch	-27.4	%	-10.5	%	-29.6	%	-6.7	%
New branches	0.2	%	0.9	%	0.2	%	1.1	%
Closed branches	-8.2	%	-3.3	%	-6.7	%	-3.2	%
Currency	-0.4	%	0.3	%	-0.6	%	0.3	%
Holiday shift	-0.4	%	0.4	%	0.0	%	0.0	%

* Percentages for organic revenue components do not sum to total organic revenue growth as same branch growth is determined off a revenue base of branches open for 12 or more months, whereas other organic revenue growth components are measured off a total revenue base.

TrueBlue, Inc.

Analysis of Year-Over-Year Same Branch Revenue Growth / (Decline)

(Unaudited)

	Same Branch Growth/ (Decline)
January 2009 same branch sales growth	-30.2	%
February 2009 same branch sales growth	-31.9	%
March 2009 same branch sales growth	-35.3	%
April 2009 same branch sales growth	-31.2	%
May 2009 same branch sales growth	-29.3	%
June 2009 same branch sales growth	-23.9	%