Matthews International saw a Fourth quarter decline in Earnings
Matthews International has reported 23% loss in earnings for the fourth quarter. This is another nail in the funeral Industrys coffin. The bottom line for Matthews and the entire industry is that people are buying less expensive on Funeral Goods.
According to Forbes:
“Matthews International Corp., which makes memorial plaques, caskets and other products for the funeral industry, said Thursday its fiscal fourth-quarter earnings fell 23 percent, mostly due to charges related to a consolidation of some production plants.
via www.forbes.com
But Matthews also said that sales were hurt as more customers continued to choose less-expensive products.”
Funeral Industry| Funeral Blog by Your Guy
Matthews International makes high end funeral plaques and distributes York Caskets.
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