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|
|As of September 30, 2017||739|
|Salespeople that made a sale*|
|Month of October 2017||583|
|Month of October 2016||521|
|Month of September 2017||566|
*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.|