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 October 8, 2014, it operated 358 retail stores consisting of 256 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
Founded in 1965
99¢ Only Stores and Number Holdings Inc. Announces Management Changes
Jan 12 15
Effective January 12, 2015, Christopher A. Laurence is stepping down from the position of Interim Chief Financial Officer, Treasurer and Secretary of each of 99 Cents Only Stores LLC and its parent, Number Holdings, Inc. but will remain with the corporation to help facilitate the transition and provide oversight to key strategic initiatives. Effective January 12, 2015, the board of directors of each of the company and parent, formally appointed Bradley Lukow as Chief Financial Officer, Treasurer and Secretary of the company and parent. Mr. Lukow joins 99¢ Only Stores following a 20-year career at Shoppers Drug Mart Corporation where he served most recently as Executive Vice President and Chief Financial Officer since 2009, having responsibility for all finance, strategy, real estate development, information technology and business development functions.
99 Cents Only Agrees to Pay Environmental Fine to Settle Lawsuit
Jan 7 15
99 Cents Only Stores has agreed to pay more than $2 million to settle a lawsuit filed by 30 jurisdictions in California involving allegedly improper storage, handling and disposal of hazardous and pharmaceutical waste products. According to the Los Angeles City Attorney office, 99 Cents Only agreed to pay $1.8 million in civil penalties, plus $312,500 in costs and $250,000 in supplemental environmental projects and to implement enhanced compliance efforts.
99 Cents only Stores LLC Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2014
Dec 11 14
99 Cents only Stores LLC announced unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2014. For the third quarter of fiscal 2015, the company's net sales increased $22.7 million to $478.3 million, compared to $455.6 million in the third quarter of fiscal 2014. Net loss was $3.8 million in the third quarter of fiscal 2015, compared to net income of $1.0 million for the third quarter of fiscal 2014. Adjusted EBITDA was $27.1 million in the third quarter of fiscal 2015, compared to $28.3 million in the third quarter of fiscal 2014. EBITDA was $23,813,000 against $24,280,000 a year ago. Operating income was $9,762,000 against $12,468,000 a year ago. Loss before provision for income taxes was $5,955,000 against $6,943,000 a year ago.
For the first three quarters of fiscal 2015, the Company's net sales increased $80.4 million, to $1,414.4 million, compared to $1,334.0 million in the first three quarters of fiscal 2014. Same-store sales decreased 0.4%, calculated on a comparable 39-week period of the prior year. Net income was $7.8 million for the first three quarters of fiscal 2015, compared to net income of $3.8 million for the first three quarters of fiscal 2014. Adjusted EBITDA was $109.1 million in the first three quarters of fiscal 2015, compared to $105.1 million in the first three quarters of fiscal 2014. EBITDA was $99,554,000 against $85,835,000 a year ago. Operating income was $59,763,000 against $42,681,000 a year ago. Income before provision for income taxes was $13,150,000 against loss of $6,464,000 a year ago. Net cash provided by operating activities was $27,025,000 against $91,756,000 a year ago. Purchases of property and equipment was $76,914,000 against $50,208,000 a year ago.