StoneMor Partners L.P. Issues Update on Sales Team Development
November 14 2017 - 4:02PM
StoneMor Partners L.P. (NYSE:STON)
(“StoneMor” or the “Partnership”) today provided
additional data on the ongoing restructuring of its sales
force.
Total salespeople within the salesforce at October
31, 2017, excluding terminations, numbered 728, which was 25 more
than the prior year comparable period, while reflecting a decrease
of 11 from the 739 individuals reported at September 30, 2017.
The Partnership’s ongoing restructuring of its
sales force includes new sales managers moving to an alternative
compensation structure which combines base salary and bonus.
Data noting salespeople who made a sale during the month are
cemetery sales only and excludes selling managers. The number
of salespeople who made a sale during the month of October 2017 was
583, an increase of 62 from the 521 reported for October
2016. The number of salespeople who made a sale in October
2017 increased by 17 from the 566 who made a sale in September
2017.
Salespeople within total
salesforce: |
|
|
|
|
As of October 31,
2017 |
728 |
|
As of October 31,
2016 |
703 |
|
Increase/(decrease) |
25 |
|
|
|
|
As of September 30,
2017 |
739 |
|
Increase/(decrease) |
(11) |
|
|
|
Salespeople that made a sale* |
|
|
|
|
Month of October
2017 |
583 |
|
Month of October
2016 |
521 |
|
Increase/(decrease) |
62 |
|
|
|
|
Month of September
2017 |
566 |
|
Increase/(decrease) |
17 |
|
|
|
*ex selling managers & funeral homes sales
About StoneMor Partners L.P.
StoneMor Partners L.P., headquartered in
Trevose, Pennsylvania, is an owner and operator of cemeteries and
funeral homes in the United States, with 316 cemeteries and 94
funeral homes in 27 states and Puerto Rico.
StoneMor is the only publicly traded death care
company structured as a partnership. StoneMor’s cemetery products
and services, which are sold on both a pre-need (before death) and
at-need (at death) basis, include: burial lots, lawn and
mausoleum crypts, burial vaults, caskets, memorials, and all
services which provide for the installation of this merchandise.
For additional information about StoneMor Partners L.P., please
visit StoneMor’s website, and the investors section, at
http://www.stonemor.com.
CONTACT: |
|
John McNamara |
|
|
Director - Investor
Relations |
|
|
StoneMor Partners
L.P. |
|
|
(215) 826-2945 |
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