secwatch.observer — SEC 8-K summary
======================================

Issuer:     H&R BLOCK INC (HRB)
CIK:        0000012659
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001838862-22-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

H&R Block Q1 loss widens to $1.05 EPS; revenue down 7%; reaffirms FY2023 outlook
--------------------------------------------------------------------------------

- Total revenue $180.0M, down 7% YoY, due to $16.6M impact from Advanced Child Tax Credit loaded onto Emerald Cards last year.
- Pretax loss of $221.3M; GAAP loss per share $(1.05) from continuing ops vs $(0.84) prior year; adjusted loss $(0.99).
- Repurchased $219.8M in shares, retiring 3% of shares outstanding during the quarter.
- Reaffirms full-year FY2023 outlook for topline growth, EBITDA outpacing revenue, and faster EPS growth.
- Extension conversions increased 5% over prior year; Block Advisors launched a self-serve business formation product.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/12659/000183886222000038/0001838862-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/12659/000183886222000038/hrb-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001838862-22-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer