The Final Numbers are in for the 2nd largest Funeral Corporation in America and the chart on the wall shows funeral Industry decline. The Fourth Quarter results point out problems with traditional funeral.
CEMETERY
* Cemetery property sales, net of discounts, decreased $0.5
million, or 2.0 percent, compared to the fourth quarter of 2008.
* Cemetery revenue decreased $5.8 million, or 9.3 percent, to
$56.8 million for the fourth quarter of 2009 from $62.6 million
for the fourth quarter of 2008, primarily due to a $3.6 million
reduction in cemetery property revenue due to the timing of
revenue recognition for cemetery property sales and a $1.6
million decrease in revenue related to trust activities, as
noted above.via www.tradingmarkets.com
FUNERAL
* Funeral revenue decreased $10.3 million, or 3.6 percent, to
$276.3 million.
* The Company’s same-store funeral operations achieved a 3.1
percent increase in average revenue per traditional funeral
service and a 5.7 percent increase in the average revenue per
cremation service. These increases were partially offset by a
shift in mix to lower-priced cremation services and a decrease
in funeral trust earnings which resulted in an overall increase
of 2.6 percent in the same-store average revenue per funeral
servicevia www.tradingmarkets.com
Funeral Industry|Funeral Blog by Your Funeral Guy
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