Market Overview

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

Share:

TREVOSE, Pa., Dec. 14, 2017 (GLOBE NEWSWIRE) -- StoneMor Partners L.P. (NYSE:STON) ("StoneMor" or the "Partnership") today provided additional data on the ongoing restructuring of its salesforce.

Total salespeople within the salesforce at November 30, 2017, excluding terminations, numbered 719, which was 21 more than the prior year comparable period, while reflecting a decrease of 9 from the 728 individuals reported at October 31, 2017.

The Partnership's ongoing restructuring of its salesforce 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 November 2017 was 596, an increase of 57 from the 539 reported for November 2016.  The number of salespeople who made a sale in November 2017 increased by 13 from the 583 who made a sale in October 2017.

                                                      Salespeople within total salesforce:
     
             
    As of November 30, 2017     719  
    As of  November 30, 2016     698  
    Increase/(decrease)      21  
         
    As of October 31, 2017      728  
    Increase/(decrease)      (9 )
         
  Salespeople that made a sale*:      
             
    Month of November 2017     596  
    Month of  November 2016     539  
    Increase/(decrease)      57  
         
    Month of October 2017     583  
    Increase/(decrease)      13  
         
  *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

Primary Logo

View Comments and Join the Discussion!