One might have thought that with a pandemic here, the death rate...

One might have thought that with a pandemic here, the death rate would rise and so IVC would have had increased turnover. Perhaps this was priced in to the share price. Then ofc, the pandemic turned out to be a non-event here. Even worse, the deaths from flu are down dramatically, so much so that total deaths this year from COVID are less than typically die from flu each year.

Then add the lockdown restrictions on funerals, and it looks like revenue this year will be down on last year.