May 30, 2016 6:30 PM ET

Multiline Retail

Company Overview of 99 Cents only Stores LLC

Company Overview

99 Cents only Stores LLC engages in the operation of retail stores in the United States. Its stores offer consumable products and other household items, and seasonal items, as well as domestic and imported fresh produce, deli, dairy, and frozen and refrigerated food products. As of January 29, 2016, the company operated 391 retail stores, including 283 stores in California, 49 stores in Texas, 38 stores in Arizona, and 21 stores in Nevada. It also engages in the wholesale of merchandise to retailers, distributors, and exporters. 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

17,000 Employees



Key Executives for 99 Cents only Stores LLC

Chief Executive Officer, President and Director
Age: 64
Chief Financial Officer and Treasurer
Age: 51
Chief Merchandising Officer
Age: 54
Senior Vice President of Logistics
Compensation as of Fiscal Year 2015.

99 Cents only Stores LLC Key Developments

99 Cents only Stores LLC to Open its New Los Baños Store

On May 25, 2016, 99 Cents only Stores LLC will open its new Los Baños store by selling 40-Inch Flat Screen LCD TVs for only 99 cents to the first nine customers in line. The next 99 customers in line on the May 25, purchase a coffee maker for only 99 cents! The following 99 customers can purchase a steam iron for only 99 cents. The next 99 customers can buy a rice cooker for just 99 cents. Additionally, for the next three days, the new Los Baños store will continue to offer many extraordinary grand opening specials including digital scales for only 99 cents for the first 99 in line on May 26, 2016. The new Los Baños store is located at 1209 W Pacheco Blvd and will feature a perishable food department, including produce, dairy and frozen foods.

99 Cents only Stores LLC Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 29, 2016; Provides Earnings Guidance for the Fiscal Year Ending January 27, 2017; Reports Goodwill Impairment and Impairment of Long-Lived Assets for the Fourth Quarter Ended January 29, 2016

99 Cents only Stores LLC reported unaudited consolidated earnings results for the fourth quarter and full year ended January 29, 2016. For the quarter, the company reported total sales of USD 517,839,000 compared to USD 512,567,000 a year ago. Operating income was USD 4,063,000 compared to USD 12,078,000 a year ago. Loss before provision for income taxes was USD 12,287,000 compared to USD 4,043,000 a year ago. Net loss was USD 11,660,000 compared to USD 2,298,000 a year ago. EBITDA was USD 21,744,000 compared to USD 27,985,000 a year ago. Adjusted EBITDA was USD 2,408,000 compared to USD 34,598,000 a year ago. For the year, the company reported total sales of USD 2,003,995,000 compared to USD 1,926,949,000 a year ago. Operating loss was USD 143,635,000 compared to operating income of USD 71,841,000 a year ago. Loss before provision for income taxes was USD 209,284,000 compared to income before provision for income tax of USD 9,107,000 a year ago. Net loss was USD 241,226,000 compared to net income of USD 5,502,000 a year ago. Net cash provided by operating activities were USD 31,657,000 compared to USD 38,271,000 a year ago. Purchases of property and equipment were USD 65,950,000 compared to USD 111,348,000 a year ago. LBITDA was USD 75,444,000 compared to EBITDA of USD 127,539,000 a year ago. Adjusted EBITDA was USD 39,493,000 compared to USD 143,714,000 a year ago. For the fiscal year ending January 27, 2017, the company currently expects positive same store sales growth; capital expenditures of approximately USD 35 million to USD 40 million; substantial year-over-year increase in Adjusted EBITDA, particularly in the second half of fiscal 2017. For the fourth quarter ended January 29, 2016, the company reported goodwill impairment of USD 28,027,000 and impairment of long-lived assets of USD 1,661,000.

99 Cents only Stores LLC to Report Q4, 2016 Results on Apr 28, 2016

99 Cents only Stores LLC announced that they will report Q4, 2016 results at 9:00 AM, Eastern Standard Time on Apr 28, 2016

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