RAL Funding Loss Drives Dismal Jackson Hewitt Results

Thursday, 11 March 2010
News
jackson hewitt

Jackson Hewitt Tax Services expects that the number of tax returns prepared by the chain for the 2010 tax season will fall by 17 to 19 percent as the loss of funding for half of the company's refund anticipation loan program cut into financial results. The company also said results by the end of the fourth quarter ending April 30 would result in its violating financial covenants with its lender

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