StoneMor Partners L.P. Issues Update on Sales Team Development
15 December 2017 - 8:06AM
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.
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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 |
|
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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 McNamara |
|
Director - Investor
Relations |
|
StoneMor Partners
L.P. |
|
(215) 826-2945 |
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