“We projected that these levels [of excess deaths] would normalize back towards 2019 Pre-COVID levels. We also assumed that cemetery sales levels would be relatively flat, to slightly up, vs 2021 levels.
Based on what we’ve seen over the last 5 or 6 months for 2022, we now believe with higher than we anticipated levels of Non-COVID funeral services and cemetery revenues that our original base assumption of $3.18 would be more like $3.50. We believe these excess services are more permanent in nature.”
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