The funeral services provider reported a $0.04 EPS miss and $6.01M revenue shortfall for Q2 amid weaker demand.
Carriage Services posted Q2 non-GAAP earnings per share of $0.78, missing estimates by $0.04. Revenue reached $102.9M, up 0.8% year-over-year but $6.01M below expectations.
The company attributed the shortfall to lower-than-anticipated mortality trends, which impacted external demand assumptions. Prior-year Q2 revenue stood at $102.1M, with consensus estimates targeting higher growth.
Carriage updated its 2026 outlook to reflect revised demand projections, though no immediate market reaction was disclosed.