STAFFING 360 SOLUTIONS, INC. (NASDAQ:STAF) Files An 8-K Results of Operations and Financial Condition

Item 2.02Results of Operations and Financial Condition.

On May 8, 2017, Staffing 360 Solutions, Inc. (the Company) issued
a press release announcing the Companys preliminary unaudited
financial performance for the fiscal first quarter ended April 1,
2017. This Current Report on Form 8-K is being filed to provide
the Companys pre-announced financial results before the filing of
the Companys quarterly report on Form 10-Q for the three months
ended April 1, 2017. The press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.

Within the press release, the Company has provided supplemental
financial information relating to the Companys financial results
for the fiscal first quarter ended April 1, 2017. The
supplemental financial information, can be found in tables at the
end of the press release.

Furthermore, within the press release and the supplemental
financial information furnished therein, the Company refers to
certain financial measures that are not in accordance with
generally accepted accounting principles in the United States of
America (“GAAP”), such as adjusted EBITDA. For purposes of
Regulation G, a non-GAAP financial measure is a numerical measure
of a company’s historical or future financial performance,
financial position or cash flows that excludes amounts, or is
subject to adjustments that have the effect of excluding amounts,
that are included in the most directly comparable measure
calculated and presented in accordance with GAAP in the
statements of income, balance sheets or statements of cash flows
(or equivalent statements) of the company, or includes amounts,
or is subject to adjustments that have the effect of including
amounts, that are excluded from the most directly comparable
measure so calculated and presented.

The Company believes that these non-GAAP measures represent
important internal measures of performance as management uses
such measures in monitoring and evaluating the Companys ongoing
financial results, as well as to reflect the Companys
acquisitions. Management believes that these measures provide a
more complete understanding of the Companys operational results
and a meaningful comparison of the Companys performance between
periods. These non-GAAP measures, however, may not reflect the
actual financial results the Company would have achieved absent
such acquisitions, and may not be indicative of the results that
the Company expects to recognize for future periods. These
non-GAAP measures should be considered in addition to, not a
substitute for, measures of financial performance prepared in
accordance with GAAP.

The information in this Item 2.02 of this Current Report on Form
8-K and Exhibit 99.1 attached hereto shall not be deemed to be
“filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities
of that section. The information contained in this Item 2.02 and
Exhibit 99.1 attached hereto shall not be incorporated by
reference into any filing of the Company, whether made before or
after the date hereof, regardless of any general incorporation
language in such filing, unless expressly incorporated by
specific reference to such filing.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits (furnished only).

About STAFFING 360 SOLUTIONS, INC. (NASDAQ:STAF)

Staffing 360 Solutions, Inc. operates in the staffing sector. The Company is engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the United States and the United Kingdom. Its targeted consolidation model is focused on the finance and accounting, administrative, engineering and information technology (IT) staffing space.

STAFFING 360 SOLUTIONS, INC. (NASDAQ:STAF) Recent Trading Information

STAFFING 360 SOLUTIONS, INC. (NASDAQ:STAF) closed its last trading session down -0.003 at 0.767 with shares trading hands.