99 Cents Only Stores Llc (NCSO) SEC Filing 10-K Annual report for the fiscal year ending Friday, January 27, 2017

Exhibit 99.1

99 CENTS ONLY STORES REPORTS STRONG FOURTH QUARTER

AND FULL YEAR FISCAL 2017 RESULTS

Fourth Quarter Fiscal 2017 Overview:

·                  Net sales increased 6.7% to $552.5 million compared to the prior year

·                  Same-store sales increased by 6.4% compared to the prior year

·                  Gross margin, as a percentage of net sales, increased to 30.1%, up from 26.7% in the prior year

·                  Net loss was $20.9 million compared to net loss of $18.4 million in the prior year

·                  Adjusted EBITDA(1) was $23.4 million compared to $2.4 million in the prior year

Full-Year Fiscal 2017 Overview:

·                  Net sales increased 2.9% to $2,062.0 million compared to the prior year

·                  Same-store sales increased by 2.1% compared to the prior year

·                  Gross margin, as a percentage of net sales, increased to 29.2%, up from 28.1% in the prior year

·                  Net loss was $118.2 million compared to $248.0 million in the prior year

·                  Adjusted EBITDA increased 28% to $50.6 million compared to the prior year

CITY OF COMMERCE, California — April 20, 2017 — 99 Cents Only Stores LLC

Geoffrey Covert, President and Chief Executive Officer, stated, “We concluded fiscal 2017 with a strong fourth quarter driven by growth in same store sales, expanding margins and lower inventory levels. As a result, we continued to solidify 99 Cents Only Stores’ liquidity position while generating significant year-over-year growth in adjusted EBITDA.”

Mr. Covert continued, “Net sales for the fourth quarter were $552.5 million, up 6.7% over the prior year period. On a same-store basis, sales were up an impressive 6.4%, resulting from a 4.4% increase in basket, coupled with a 1.9% increase in transaction count. In addition, fourth quarter gross margin of 30.1% improved 340 basis points year-over-year, primarily due to our concerted efforts to improve shrink and scrap and execution in our logistics network. I am also pleased with our continued success in inventory management as total inventory declined on both a year-over-year and sequential quarter basis.  Importantly, adjusted EBITDA was $23.4 million for the fourth quarter compared to $2.4 million in the fourth quarter of last year.  For the full year, adjusted EBITDA of $50.6 million was up 28% compared to the prior year. We are encouraged by this result, which represents the reversal of a two-year decline in adjusted EBITDA.”