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H&R Block closing 400 locations and lowers outlook
Source:
money.cnn.com
- Jun 15, 2018
H&R Block is everywhere -- and that's a problem.
The company said it plans to close 400 smaller offices after it lowered its sales and profit margin outlook for the rest of the year. H&R Block's (HRB) stock plunged nearly 20% Wednesday.
During a conference call with analysts after the closing bell Tuesday, H&R Block CEO Jeff Jones said the decision to shutter the offices was part of its annual review and that the stores were mostly smaller ones.
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Category: General Business
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