September 26, 2016 11:37 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

Phone:

323-980-8145

Key Executives for 99 Cents only Stores LLC

Chief Executive Officer, President and Director
Age: 65
Chief Financial Officer and Treasurer
Age: 52
Chief Merchandising Officer
Age: 55
Senior Vice President of Logistics
Compensation as of Fiscal Year 2016.

99 Cents only Stores LLC Key Developments

99 Cents only Stores LLC Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended July 29, 2016; Reiterates Earnings Guidance for the Year 2017

99 Cents only Stores LLC announced unaudited consolidated earnings results for second quarter and six months ended July 29, 2016. For the quarter, the company reported net sales of $496,458,000, operating loss of $18,285,000, loss before provision for income taxes of $35,033,000, net loss of $35,085,000, compared to the net sales of $488,522,000, operating loss of $18,669,000, loss before provision for income taxes of $35,150,000, net loss of $78,101,000, for the same quarter a year ago. LBITDA was $629,000 compared to $1,361,000 a year ago. Adjusted EBITDA was $5,299,000 compared to $6,940,000 a year ago. For the year to date, the company reported net sales of $1,009,387,000, operating loss of $26,547,000, loss before provision for income taxes of $60,154,000, net loss of $60,279,000, net cash provided by operating activities of $27,036,000, purchases of property and equipment of $23,960,000 compared to the net sales of $994,691,000, operating loss of $12,218,000, loss before provision for income taxes of $44,968,000, net loss of $76,930,000, net cash used in operating activities of $22,607,000, purchases of property and equipment of $43,685,000 for the same period a year ago. EBITDA was $7,513,000 compared to $21,337,000 a year ago. Adjusted EBITDA was $18,537,000 compared to $31,946,000 a year ago. The Company is reiterating the following previously issued outlook for fiscal 2017: Positive same-store sales growth. Substantial year-over-year increase in Adjusted EBITDA, particularly in the second half of fiscal 2017, and a substantial decrease in net loss over the same period. Capital expenditure is expected in the range of approximately $35 million to $40 million.

99 Cents only Stores LLC to Report Q2, 2017 Results on Sep 08, 2016

99 Cents only Stores LLC announced that they will report Q2, 2017 results at 9:00 AM, Eastern Standard Time on Sep 08, 2016

99 Cents only Stores LLC, Q2 2017 Earnings Call, Sep 08, 2016

99 Cents only Stores LLC, Q2 2017 Earnings Call, Sep 08, 2016

Similar Private Companies By Industry

Company Name Region
99 Cent Stuff Inc. United States
99 Cent Supercenter Llc United States
99 Cents only Stores LLC United States
Advanced Computer Concepts, Inc. United States
Alachua Farm & Lumber, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact 99 Cents only Stores LLC, please visit www.99only.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.