July 29, 2016 8:49 AM 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 Opens New Apple Valley Store

99 Cents Only Stores announced the opening of its new Apple Valley store by selling 32-Inch Flat Screen LCD TVs for only 99 cents to the first nine customers in line! The new Apple Valley store is located at 20220 Hwy 18 and will feature a perishable food department, including produce, dairy and frozen foods.

99 Cents only Stores Announces Opening Store in Chula Vista

99 Cents Only Stores announced opening its first store in Chula Vista. The new Chula Vista store is located at 1030 3rd Ave and will feature a perishable food department, including produce, dairy and frozen foods.

99 Cents only Stores LLC Reports Consolidated Unaudited Earnings Results for the First Quarter Ended April 29, 2016; Reaffirms Earnings Guidance for 2017

99 CENTS ONLY STORES LLC reported consolidated unaudited earnings results for the first quarter ended April 29, 2016. For the quarter, the company reported total sales were $512,929,000 against $506,169,000 reported last year. Operating loss was $8,262,000 against operating income $6,451,000 reported last year. Loss before provision for income taxes was $25,121,000 against $9,818,000 reported last year. Net loss was $25,194,000 against net income of $1,171,000 reported last year. Net cash provided by operating activities was $25,570,000 against $20,145,000 reported last year. Purchases of property and equipment were $13,373,000 against $25,642,000 reported last year. EBITDA was $8,142,000 against $22,698,000 reported last year. Adjusted EBITDA was $13,308,000 against $25,006,000 reported last year. Same-store sales were flat compared to the first quarter of fiscal 2016, with lower customer traffic of 1.5% offset by higher For fiscal 2017, the company is reiterating the previously issued outlook. Positive same-store sales growth. Capital expenditures of approximately $35-40 million. 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.

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Recent Private Companies Transactions

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Date
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