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99 Cents Only Stores Llc (NCSO) SEC Filing 10-K Annual report for the fiscal year ending Friday, January 30, 2015

99 Cents Only Stores Llc

CIK: 1011290 Ticker: NCSO

Exhibit 99.1

 

 

99 CENTS ONLY STORES REPORTS FOURTH QUARTER AND FULL-YEAR

FISCAL 2015 RESULTS

 

Fourth Quarter Fiscal 2015 Highlights:

 

·                  Net sales on a comparable 13-week basis increased by 8.1% to $512.6 million

·                  Opened 21 net new stores

·                  Same-store sales increased by 2.8%

·                  Adjusted EBITDA(1)  was $34.6 million versus $50.0 million in prior year

·                  Net loss was $2.3 million versus net loss of $14.7 million in prior year

 

Full-Year Fiscal 2015 Highlights:

 

·                  Net sales on a comparable 52-week basis increased by 6.3% to $1,926.9 million

·                  Opened 40 net new stores

·                  Same-store sales increased by 0.4%

·                  Adjusted EBITDA was $143.7 million versus $155.1 million in prior year

·                  Net income was $5.5 million versus net loss of $10.9 million in prior year

 

CITY OF COMMERCE, California — April 16, 2015 — 99 Cents Only Stores LLC (the “Company”) announced its financial results for each of the fourth quarter and full-year fiscal 2015 ended January 30, 2015. As previously announced, the Company changed its fiscal year from the Saturday closest to the end of March, to the Friday closest to the end of January in order to be in line with its retail industry peers. As a result of the change in the Company’s fiscal year, for purposes of this release, the comparable prior year financial statements have been recast to conform to the new fiscal calendar.

 

Financial Results

 

For the fourth quarter of fiscal 2015, a 13-week period, the Company’s net sales increased $6.9 million to $512.6 million, compared to $505.7 million in the fourth quarter of fiscal 2014, a 14-week period. On a comparable 13-week basis, net sales increased 8.1% during the fourth quarter. Same-store sales increased 2.8%, calculated on a comparable 13-week period, with increases in both customer traffic and average ticket.  Same-store sales performance was driven by a significant increase in seasonal sales resulting from a wider selection of product offerings. Net loss was $2.3 million in the fourth quarter of fiscal 2015, compared to net

 


The following information was filed by 99 Cents Only Stores Llc (NCSO) on Thursday, April 16, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Comprehensive Income (parenthetical)
Consolidated Statements Of Member's/shareholders' Equity
Assets Held For Sale
Assets Held For Sale (details)
Basis Of Presentation And Summary Of Significant Accounting Policies
Basis Of Presentation And Summary Of Significant Accounting Policies (details 2)
Basis Of Presentation And Summary Of Significant Accounting Policies (details 3)
Basis Of Presentation And Summary Of Significant Accounting Policies (details 4)
Basis Of Presentation And Summary Of Significant Accounting Policies (details)
Basis Of Presentation And Summary Of Significant Accounting Policies (policies)
Basis Of Presentation And Summary Of Significant Accounting Policies (tables)
Change In Fiscal Year
Change In Fiscal Year (details)
Change In Fiscal Year (tables)
Commitments And Contingencies
Commitments And Contingencies (detail)
Commitments And Contingencies (details 2)
Commitments And Contingencies (tables)
Debt
Debt (details)
Debt (tables)
Derivative Financial Instruments
Derivative Financial Instruments (details)
Derivative Financial Instruments (tables)
Employee Benefit Plans
Employee Benefit Plans (details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (details 3)
Fair Value Of Financial Instruments (details 4)
Fair Value Of Financial Instruments (details)
Fair Value Of Financial Instruments (tables)
Financial Guarantees
Financial Guarantees (details 2)
Financial Guarantees (details 3)
Financial Guarantees (details)
Financial Guarantees (tables)
Goodwill And Other Intangible Assets And Liabilities
Goodwill And Other Intangible Assets And Liabilities (tables) 10-k
Goodwill And Other Intangibles (details 2)
Goodwill And Other Intangibles (details)
Income Tax Provision
Income Tax Provision (details 2)
Income Tax Provision (details)
Income Tax Provision (tables)
Operating Segments
Operating Segments (details)
Other Current Assets And Other Accrued Expenses
Other Current Assets And Other Accrued Expenses (detail)
Other Current Assets And Other Accrued Expenses (tables)
Property And Equipment, Net
Property And Equipment, Net (details)
Property And Equipment, Net (tables)
Related-party Transactions
Related-party Transactions (details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (details)
Stock-based Compensation (tables)
Stock-based Compensation Plans
Stock-based Compensation Plans (details)
Subsequent Events
Subsequent Events (details)
Ticker: NCSO
CIK: 1011290
Form Type: 10-K Annual Report
Accession Number: 0001104659-15-029330
Submitted to the SEC: Wed Apr 22 2015 3:19:48 PM EST
Accepted by the SEC: Wed Apr 22 2015
Period: Friday, January 30, 2015
Industry: Retail Variety Stores

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