Market Overview

StoneMor Partners L.P. Issues Update on Sales Team Development

Share:

TREVOSE, Pa., Nov. 14, 2017 (GLOBE NEWSWIRE) -- 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

View Comments and Join the Discussion!
 

Partner Center