funeral homes
We are in the period of public companies reporting their 3rd Quarter results to the world and it is only a couple of weeks before Hillenbrand, parent company of Batesville Casket Company, and Matthews International, parent company of Aurora Casket Company will give us those results. As most of you know, those businesses have generally…
Read MoreSo, I warned you earlier in the week that I would be doing a column on what was happening with Starbucks and why I thought there was enough general information in what I had heard that it would be useful to people who operate businesses in the death care realm. To refresh you, I had…
Read MoreThe history of funeral directing and funeral home ownership in the United States has been one of passing the torch to the next generation of the family to carry on. My family was no different. . . .we carried our cabinet shop, furniture store, funeral home from the 19th Century into the 21st Century. That…
Read MoreService Corporation International (SCI) sometimes takes shots from others in the industry simply because of their size. Being the largest in any business category simply makes you an easy target. Being the largest also means you need great leadership to get on top and eventually stay there. SCI reported record revenues and earnings in the…
Read MoreThis isn’t what I was planning to write about an hour ago. It’s Friday as I write this and earlier this morning I was on the treadmill watching CNBC with Jim Cramer as he was interviewing Starbucks CEO Kevin Johnson. I thought the interview was very informative on how Starbucks was using the pandemic, that…
Read MoreEarlier this week funeral home and cemetery consolidator Carriage Services, based in Houston, Texas, produced their 3rd Quarter 2020 report and in it they recognized the quarter as record breaking for revenue and EBITDA. According to Chairman and CEO Mel Payne the company blew through milestones which they did not expect to reach until sometime…
Read MoreService Corporation International (SCI) 3rd Quarter 2020 revenue jumped almost 20% (19.37% actual) over the same period from 2019. In a statement issued yesterday, October 28, here is what SCI’s President and CEO Tom Ryan said of the results: ” . . . the impact of COVID-19 has increased the number of funeral services performed…
Read MoreWe are in the season of elections and when I was younger there was an old adage of Presidential elections that went like this, “As Maine goes, so goes the nation.” I recently read this article in the Los Angeles Business Journal entitled, “Business Slows for LA Funeral Homes”, and wondered if as the funeral…
Read MoreYesterday Funeral Director Daily published an article about cemeteries and in that article we made the assertion that the COVID experience of 2020 will probably have some type of long-term effect on funerals going forward. That statement was made mostly in reference to what has happened with funeral attendance due to the social distancing practices…
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