H&R Block Reports Growth in U.S. Tax Return Volume Through April 19; To Announce Fiscal 2018 Results on June 12, 2018
H&R Block, Inc. (HRB)
Last h&r block, inc. earnings: 3/5 04:15 pm
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Source: GlobeNewswire
KANSAS CITY, Mo., April 24, 2018 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE:HRB) today released its preliminary U.S. tax results, which reflect overall tax return volume growth compared to the prior year. For fiscal year 2018 through April 19, 19.9 million returns were prepared by or through H&R Block in the U.S., a 2.6% increase over fiscal year 2017. “Our goal this fiscal year was to continue improving our client trajectory, which we achieved, with growth in DIY and improved performance in Assisted,” said Jeff Jones, H&R Block’s president and chief executive officer. “Based on these results, we expect to deliver revenue growth and margins consistent with our previously provided outlook.” The improvement in Assisted resulted from the company’s strong promotional offerings which included an enhanced Refund Advance no-interest loan, Free Federal 1040EZ offer, and Half Off promotion. Assisted returns declined 0.6% for fiscal 2018 which compares favorably to the 2.5% decline f
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