September 20, 2014 9:03 PM 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 September 4, 2014, it operated 351 retail stores consisting of 249 stores in California, 48 in Texas, 35 in Arizona, and 19 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 Second Quarter and First Half of Fiscal 2015 Ended August 1, 2104

99 Cents Only Stores LLC announced unaudited consolidated earnings results for the second quarter and first half of fiscal 2015 ended August 1, 2104. For the quarter, the company reported net income of USD 2,039,000 against USD 1,870,000 a year ago. Net sales increased USD 25.1 million to USD 458.2 million against USD 433.1 million a year ago. Same-store sales increased 0.1%, calculated on a comparable 13-week period of the prior year. EBITDA was USD 31,766,000 against USD 33,557,000 a year ago. Adjusted EBITDA was USD 36,312,000 against USD 33,096,000 a year ago. Operating income was USD 18,657,000 against USD 17,685,000 a year ago. Net income was USD 2,039,000 against USD 1,870,000 a year ago. For the first half ended, the company reported net income of USD 11,614,000 against USD 2,767,000 a year ago. Net sales increased USD 57.7 million, to USD 936.1 million against USD 878.4 million a year ago. Same-store sales decreased 0.3%, calculated on a comparable 26-week period of the prior year. EBITDA was USD 75,741,000 against USD 61,555,000 a year ago. Adjusted EBITDA was USD 81,977,000 against USD 76,736,000 a year ago. Operating income was USD 50,001,000 against USD 30,213,000 a year ago. Net income was USD 11,614,000 against USD 2,767,000 a year ago. Net cash provided by operating activities was USD 27,408,000 against USD 45,389,000 a year ago. Purchases of property and equipment were USD 43,866,000 against USD 34,878,000 a year ago.

99 Cents only Stores LLC to Report Q2, 2015 Results on Sep 11, 2014

99 Cents only Stores LLC announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Sep 11, 2014

99 Cents only Stores LLC, Q2 2015 Earnings Call, Sep 11, 2014

99 Cents only Stores LLC, Q2 2015 Earnings Call, Sep 11, 2014

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 16, 2013
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