UPDATE: Liberty Tax (TAX) Q4 EPS Tops Views

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Go back to UPDATE: Liberty Tax (TAX) Q4 EPS Tops Views

Liberty Tax Service Announces Fiscal Year 2016 Results

June 14, 2016 4:05 PM EDT

VIRGINIA BEACH, VA -- (Marketwired) -- 06/14/16 -- Liberty Tax, Inc. (NASDAQ: TAX) (the "Company"), the parent company of Liberty Tax Service, today reported its results for fiscal year 2016. The Company reported that total revenue increased 7% to $173.4 million and GAAP earnings per share of $1.38 up 126% vs prior year. Non-GAAP earnings per share were $1.41 up 4% vs prior year.

The total number of customers served in company-owned and independently-owned and operated franchise offices fell by 3.8% to 2.16 million. Tax returns prepared in U.S. offices fell 3.9%, while total returns in Canada offices fell 2.9%.

The Company is... More