Categories AlphaGraphs, Consumer, Earnings

A visual representation of H&R Block (HRB) Q4 2020 earnings

H&R Block, Inc. (NYSE: HRB) reported its financial results for the fiscal year ended April 30, 2020. The COVID-19 pandemic, along with the related extension of the US federal tax filing deadline from April 15 to July 15, resulted in lower revenue and earnings.

H&R Block (HRB) reports Q4 2020 earnings

The finance chief Tony Bowen believes that the company has adequate liquidity to meet anticipated operating cash needs through the start of tax season 2021 and is taking measures to lower expenses to continue to fund future growth.

The company announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share, payable on July 1, 2020, to shareholders of record as of June 26, 2020. The company has paid quarterly dividends consecutively since it went public in 1962.

For the fourth quarter, earnings dropped by 48% due to lower revenues. No share repurchases were made in the fourth quarter of fiscal 2020. The company will provide an update on its complete tax season 2020 results during its fiscal 2021 first-quarter earnings call.

Take a look at our Consumer articles here
Also Read:  Facilities giant CBRE expands Israel operations amidst West-Bank concerns

Most Popular

Why Bed Bath & Beyond (BBBY) should go the extra mile to regain lost ground

The market mayhem could not have come at a worse time for Bed Bath & Beyond Inc. (NASDAQ: BBBY). For long, the home furnishing retailer has been struggling, with a

Infographic: Key highlights from Walgreens Boots Alliance (WBA) Q3 2020 earnings report

Walgreens Boots Alliance (NASDAQ: WBA) reported third quarter 2020 earnings results today. Sales increased 0.1% year-over-year to $34.6 billion. Sales growth was 1.2% on a constant currency basis, led by

Levi Strauss (LEVI): Digital maintains momentum amid pandemic-induced store closures

Amid the COVID-19 pandemic, several retailers were forced to close their stores but in turn witnessed a pickup in their digital business. Levi Strauss & Co. (NYSE: LEVI) is the

Top