2nd Largest Funeral Corp-Continues decline-Your Funeral Guy

9 Sep
Net Income
Income Decline illustration- Image via Wikipedia

The second largest Funeral Corporation in The United States Stewart Enterprises Inc (STEI)is continuing it’s Funeral Industry decline.

Stewart Enterprises Inc. said Wednesday its fiscal third-quarter profit edged lower as the funeral provider recorded higher costs and expenses.

The company said net income was $6 million, or 6 cents a share, for the three months ended July 31. That compares with net income of $6.1 million, or 7 cents a share, in the same quarter last year.

via www.businessweek.com

Now coming off the last year(2009) the worst in the funeral industry, due to the great recession the giant should find an easy path to growth.

Again this points to the fact that Families are paying Less for Funerals(less in Funeral Cost) and the rise of cremation.

Funeral Industry| Funeral News |Funeral Blog By Your Funeral Guy

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