August 29, 2014 4:49 AM ET

Multiline Retail

Company Overview of 99 Cents only Stores LLC

Company Overview

99 Cents only Stores LLC operates as a retailer of consumable and general merchandise, and seasonal products. Its stores offer an assortment of regularly available consumer goods, as well as a variety of first-quality closeout merchandise; and domestic and imported fresh produce, deli, dairy, and frozen and refrigerated food products. As of May 21, 2014, it operated 347 retail stores consisting of 247 stores in California, 47 in Texas, 35 in Arizona, and 18 in Nevada. The company was founded in 1965 and is based in City of Commerce, California.

4000 Union Pacific Avenue

City Of Commerce, CA 90023

United States

Founded in 1965

15,000 Employees

Phone:

323-980-8145

Fax:

323-980-8160

Key Executives for 99 Cents only Stores LLC

Chief Executive Officer
Age: 47
Interim Chief Financial Officer
Age: 46
Chief Merchandising Officer and Executive Vice President
Age: 53
Senior Vice President of Logistics
Compensation as of Fiscal Year 2014.

99 Cents only Stores LLC Key Developments

99 Cents only Stores LLC Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 2, 2014; Reports Fiscal Year Change

99 Cents only Stores LLC announced unaudited consolidated earnings results for the first quarter ended May 2, 2014. For the first quarter of fiscal 2015, the company's net sales increased $32.7 million, to $477.9 million, compared to $445.2 million in the first quarter of fiscal 2014. Same-store sales decreased 0.5%, calculated on a comparable 13-week period of the prior year. Net income was $9.6 million in the first quarter of fiscal 2015 compared to net income of $0.9 million for the first quarter of fiscal 2014. Adjusted EBITDA was $45.7 million in the first quarter of fiscal 2015, compared to $43.6 million in the first quarter of fiscal 2014. Operating income was $31,344,000 and income before provision for income taxes was $15,915,000 against operating income of $12,528,000 and loss before provision for income taxes of $2,458,000 a year ago. Net cash provided by operating activities was $20,185,000 against $37,101,000 a year ago. Purchases of property and equipment was $19,363,000 against $16,274,000 a year ago. EBITDA was $43,975,000 against $27,998,000 a year ago. The company changed its fiscal year from the Saturday closest to the end of March, to the Friday closest to the end of January, in order to be in line with its retail industry peers. As a result of the change in the Company's fiscal year, the comparable interim prior year financial statements have been recast to conform to the new fiscal calendar.

99 Cents only Stores LLC to Report Q1, 2015 Results on Jun 13, 2014

99 Cents only Stores LLC announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Jun 13, 2014

99 Cents only Stores LLC, Q1 2015 Earnings Call, Jun 13, 2014

99 Cents only Stores LLC, Q1 2015 Earnings Call, Jun 13, 2014

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Recent Private Companies Transactions

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Date
Target
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