Stewart Enterprises INC has posted a 4th Quarter Revenue decline. Cutting of Salaries and expenses in the fourth quarter enabled the company to show a profit.
Revenues declined to $124.1 million from $130.36 million in the prior year quarter.
This another indication of funeral industry decline. Salaries and expenses cannot be cut forever. The Traditional Funeral Industry is on the brink. It is an indication that consumers are paying less for funerals, an are able to negotiate a lower cost funeral.
Stewart Enterprises is the second largest funeral corporation in America. It’s financial reports, along with the largest corporation Service Corporation International can be taken as a measurement of the Funeral Industry.
Funeral Industry|Funeral Blog-Your Funeral Guy
Funeral Industry|Funeral Blog by Your Funeral Guy