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H&R Block shared that its sales grew 10.2% last quarter, reaching $224.3 million.

ResultsRead the original at Benzinga
Neutral

H&R Block's Q1 sales grew, and Second Look clients returned more often, but operating costs grew faster than sales. The quarter is a small part of the year, and the company kept its yearly forecast, so the report does not clearly shift its outlook.

HRB · H&R Block

AI read · Neutral

The AI's read

The Second Look program may help H&R Block keep new clients. The company said clients who received it returned at a rate more than 6 percentage points higher than clients who did not. That is encouraging, but the first quarter makes up a small part of the year. Costs also grew faster than sales, and the company kept its yearly forecast. Together, these facts do not clearly point to a changed business outlook.

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