Earnings Results: H&R Block stock sinks as earnings show tax season didn’t ‘return to normal’

by | May 9, 2023 | Stock Market

Shares of H&R Block Inc. were declining 8% in after-hours trading Tuesday after the tax-preparation company cut its outlook for its fiscal year as it called out more challenging conditions during tax season than executives had been expecting. “Tax season 2023 was not the return to normal as anticipated post-pandemic,” Chief Executive Jeff Jones said in a release. “Consumers adjusted to smaller refunds, and many shifted to balance due. The industry contracted as those not required to file didn’t, and there was an impact from…

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