StoneMor Partners L.P. Issues Update on Sales Team Development
TREVOSE, Pa., Jan. 16, 2018 (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 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.
|Salespeople within total salesforce:|
|As of December 31, 2017||721|
|As of December 31, 2016||704|
|As of November 30, 2017||719|
|Salespeople that made a sale*:|
|Month of December 2017||592|
|Month of December 2016||559|
|Month of November 2017||596|
|*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.
Director - Investor Relations
StoneMor Partners L.P.