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Stock impact report

Chemed Stock Hurt by Roto-Rooter Softness, Macro Issues Dent Growth [Yahoo! Finance]

Chemed Corp (CHE) 
Last chemed corp earnings: 4/28 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.chemed.com/investor-overview
Company Research Source: Yahoo! Finance
The company's third-quarter results were dented by challenges in the Roto-Rooter segment, including a transition to a new marketing agency and ongoing headwinds in consumer sentiment. However, Chemed's VITAS segment is showing improvement, with 17.3% growth year over year, driven by increased growth in licensed healthcare professionals and strong admissions. The company's hospice segment is also poised for growth due to the growing aging population and increasing demand for end-of-life care. Chemed CHE continues to be hurt by macroeconomic impacts on business, seasonality factors and the competitive landscape. The challenges within the Roto-Rooter business dented the third quarter result. The stock carries a Zacks Rank #4 (Sell) at present. The Roto-Rooter business has been navigating the ongoing headwinds in consumer sentiment and consumer spending within its sector. Recently, hit by the business's ongoing challenges, management has decided to look for a new marketing agency to p Show less Read more
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