cemetery business
According to this recent article from USA Today “discretionary” consumer spending is down, consumer savings rates have fell, and use of consumer credit card debt has shot up in the last quarter with its largest jump since 1999. . . . That’s probably all good information to know, but what does it tell…
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Last week Park Lawn Corporation reported their 3rd Quarter 2023 financial results. Much like we found with Carriage Services, we found that Park Lawn Corporation (PLC) was able to increase total revenues but struggled to turn those increased revenues into greater Net Income for the quarter. PLC reported a quarterly revenue increase…
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Service Corporation International (SCI) reported 3rd Quarter financial numbers for 2023 last week which we highlighted in Monday’s edition of Funeral Director Daily. Today, we perused the company’s earnings call of last week to try to find some insight into the questions those in the profession are asking at this point in time.…
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In an article that was published on October 1, and I’ll remind our readers that was before Park Lawn Corporation (PLC) had publicly withdrawn its $34 per share offer for Carriage Services, Seeking Alpha authors gave a positive review of Park Lawn Corporation. The article, which you can read here is entitled,…
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This morning’s edition of Funeral Director Daily looked at the situation that death care companies could be in if inflation and the high interest environment we are in stay with us for some time. Interestingly enough, Seeking Alpha author Gustavo Larraga Tapia published an article last week where he opined that death care…
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My favorite time annually at the National Funeral Directors Convention (NFDA) is when I get to roam the Expo Hall among all of Death Care’s suppliers and just visit. Sometimes it is about new and exciting products and sometimes it is just catching up with an old friend. . . . . and sometimes…
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Part of our mission at Funeral Director Daily is to help the individual funeral home owner or operator understand all facets of their business better and in more depth so that they have the knowledge to make decisions moving forward. In my 35 years of owning and operating a funeral home I tried to…
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I recently returned from Las Vegas where I spent a couple of days attending seminars, walking the Convention Expo floor, and just catching up with old friends. For me, “Vegas” is a fun place to go — for about two days — and then I’m glad to be back in “dull” but beautiful…
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This article from a recent edition of the Roanoke Times of Virginia mentions two funeral homes being built within a half-mile of each other in that community. At Funeral Director Daily we found that intriguing because we have noticed that with the rise of interest rates coupled with the uncertain sense of large traditional…
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“Deflationary forces will be the story of the season.” That’s a headline I recently saw. I receive three general business newsletters in my inbox every morning. I woke up on Monday of this week with two of those newsletters headlining their newsletters with talk of inflation. . . more specifically, that talk…
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