earnings
confidence high
sentiment neutral
materiality 0.60
H&R Block Q2 revenue $166.4M (+5% YoY); adjusted EPS -$1.37; FY23 reaffirmed
H&R BLOCK INC
- Revenue grew 5% to $166.4M; pretax loss flat at $298.0M on higher wages and bad debt.
- Loss per share $(1.43) (GAAP) and adjusted $(1.37), wider than $(1.09)/$(1.02) YoY.
- Repurchased $130.4M in shares (3.2M) in Q2; $350M in H1 (5% of shares outstanding).
- Reaffirmed FY2023 outlook: topline growth, EBITDA outpacing revenue, EPS growing faster.
- Launched Spruce mobile banking platform in Assisted channel in January 2023.