funeral business
Carriage Services reported their 1st Quarter of 2022 last week and in doing so highlighted the strength of their funeral home operations. “Same Store” service contracts increased about 3.3% and average revenue on those services increased 1.2% over the same period of last year which led to a Funeral Home Operating Revenue increase of $3.3…
Read More
After two years of absence because of the pandemic, the Berkshire Hathaway Annual Meeting was once again held in person last weekend in Omaha, Nebraska. 91-year old Berkshire Hathaway CEO Warren Buffett again presided over the meeting and, as usual, gave sage advice on many aspects of business. In responding to a question about what…
Read More
Matthews International, an international conglomerate which serves the death care industry with memorial products, reported their January through March 2022 financial numbers last week. Because they choose to report on a Fiscal Year that begins on October 1 each year, this report is considered their 2022 2nd Quarter Report. You can access a copy of…
Read More
Just as you would take an inventory of your physical health at least once a year, I also think it is imperative that you take a look at your business’ health at least that often. And, while we meet with our bankers and accountants to take a deep look in the financial health of our…
Read More
When you read this it will already be May 2022 and we will be two-thirds of the way into the 2nd Quarter of most company’s 2022 business year. As a matter of fact, the reports of January thru March have already started to roll out as Matthews International provided us information on the January thru…
Read More
We’ve written about the problem before in this forum. “The problem” being the lack of revenue for historic city and association cemeteries since the country’s cremation rate increased to a majority of dispositions. The increase in cremations has decreased cemetery sales in full body burial lots and interment fees. . . .as a matter of…
Read More
Only a couple of weeks ago Funeral Director Daily published an article entitled “Is an Event Center in your business future”. I thought it was a fairly innocuous article about the growth of “event centers” and their potential as an off-site component of a retail death care business — both for direct cremation firms and…
Read More
According to this article from This is Money (Great Britain) the Safe Hands Plans funeral preneed fund “went under six weeks ago”. Taking information from an article in the Financial Mail on Sunday, it suggests that over 47,000 plan holders are left with the potential of zero balances in their trust funds that were supposed…
Read More
There is a new play out called “Cremation: The Play” and it is set to be live-streamed beginning tomorrow on Lemonade. It will also be live-streamed on Saturday and Sunday. Cost to watch the live-stream is $20 and includes a Q & A following the production with the producers and cast. You can see information…
Read More
The Prudential Company has the “Rock of Gibraltar” logo as an iconic brand differentiator. As a matter of fact the brand logo is one of the oldest and most recognizable in the world. . . . .first appearing for Prudential in 1896 when the company stated, “Prudential has the strength of Gibraltar”. . . .…
Read More
