StoneMor Partners L.P. Issues Update on Sales Team Development
January 16 2018 - 4:05PM
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 December
31, 2017, excluding terminations, numbered 721, which was 17 more
than the prior year comparable period, while reflecting an increase
of 2 from the 719 individuals reported at November 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 December 2017
was 592, an increase of 33 from the 559 reported for December
2016. The number of salespeople who made a sale in December
2017 decreased by 4 from the 596 who made a sale in November
2017.
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Salespeople within total salesforce: |
|
|
|
|
|
|
|
|
|
As of December 31,
2017 |
|
721 |
|
|
As of December 31,
2016 |
|
704 |
|
|
Increase/(decrease) |
|
17 |
|
|
|
|
|
|
|
As of November 30,
2017 |
|
719 |
|
|
Increase/(decrease) |
|
2 |
|
|
|
|
|
|
Salespeople that made a sale*: |
|
|
|
|
|
|
|
|
|
Month of December
2017 |
|
592 |
|
|
Month of December
2016 |
|
559 |
|
|
Increase/(decrease) |
|
33 |
|
|
|
|
|
|
|
Month of November
2017 |
|
596 |
|
|
Increase/(decrease) |
|
(4) |
|
|
*ex selling managers
& funeral homes sales |
|
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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 McNamaraDirector -
Investor RelationsStoneMor Partners L.P.(215) 826-2945
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