A decline in profits in the second largest funeral corporations profits is a further example of traditional funeral industry decline. This is according to the Wall Street Journal on Stewart Enterprises:
Stewart Enterprises Inc.’s (STEI) fiscal second-quarter earnings fell 5.4% despite better sales, surprising analysts, who on average expected an earnings increase, as the funeral company’s margin suffered despite better sales.
I had the occasion to do a traditional funeral this week. I observed a significant number of cremated remains in the fueral home’s office waiting to be returned to families.
This was a hard reminder of the rise of cremation and the demise of the traditional funeral and the traditional funeral industry.
Funeral Industry|Funeral News|Funeral Blog by Your Funeral Guy