According to Jackson Hewitt's reported preliminary annual tax filing results for the fiscal year ending April 30, 2005, tax returns prepared by the company increased by 5.9 percent. In 2005, Jackson Hewitt's 4,871 franchised locations and 613 company-owned locations prepared 3.3 million tax returns. Michael Lister, Chairman and CEO of Jackson Hewitt, attributes this growth in tax preparation to the strength of Jackson Hewitt's franchise business model and the ability of its franchisees to react to the competitive environment. In June 2004, Jackson Hewitt sold 37.5 million shares of stock for $637.5 million. Jackson Hewitt is the country's second largest tax preparation service with over 5,400 franchised and company-owned locations.
Posted by franchiselawblog at May 24, 2005 04:59 PM