logo


99¢ Only Stores(R) Reports Total Sales of $324.7 Million and Same-Store Sales Increase of 2.3% for the Second Quarter of Fiscal 2010 Ended September 26, 2009
Thursday, October 08, 2009 4:24 PM


Oct. 8, 2009 (Business Wire) -- 99¢ Only Stores® (NYSE:NDN) (the "Company") today reports total sales of $324.7 million in the second quarter of fiscal 2010 ended September 26, 2009. This represents an increase of 2.2% over total sales of $317.8 million for the same quarter last year. The Company’s overall retail sales in the second quarter of fiscal 2010 were $314.8 million compared to $307.4 million in the same quarter last year. For the Company’s non-Texas operations, retail sales in the second quarter of fiscal 2010 were $287.8 million compared to $276.4 million in the same quarter last year. For the Company’s Texas operations, retail sales in the second quarter of fiscal 2010 were $27.0 million compared to $31.0 million in the same quarter last year. This 12.9% decrease in Texas total sales was due to the closing of approximately one third of the Company’s Texas stores.

The Company's overall same-store sales in the second quarter ended September 26, 2009, increased 2.3%, with the number of same-store sales transactions increasing 3.5% and the average transaction size decreasing 1.2% to $9.45. For the Company’s non-Texas operations, same-store sales increased 0.9% in this quarter, with the number of same-store sales transactions increasing 2.4% and the average transaction size decreasing 1.5% to $9.49. Same-store sales for the Company’s Texas operations increased 19.8% in this quarter, with the number of same-store sales transactions increasing 15.6% and the average transaction size increasing 4.2% to $9.05.

For the first half of fiscal 2010 ended September 26, 2009, total sales were $656.8 million, up 5.5%, versus $622.7 million in the first half of the prior fiscal year. The Company’s overall retail sales in the first half of fiscal 2010 were $636.7 million compared to $602.1 million in the first half of the prior fiscal year. For the Company’s non-Texas operations, retail sales in the first half of fiscal 2010 were $582.2 million compared to $541.9 million in the first half of the prior fiscal year. For the Company’s Texas operations, retail sales in the first half of fiscal 2010 were $54.5 million compared to $60.2 million in the first half of the prior fiscal year.

Same-store sales for the first half of fiscal 2010 ended September 26, 2009, increased 4.7% compared to the same period in the prior year. For the Company’s non-Texas operations, same-store sales increased 3.4% in first half of fiscal 2010. Same-store sales for the Company’s Texas operations increased 21.7% in the first half of fiscal 2010.

Eric Schiffer, CEO of 99¢ Only Stores®, stated, “We continue to maintain strong transaction growth and positive overall same-store sales performance. In the second quarter, we achieved low single digit same-store sales growth which was in line with our expectations, in spite of lower seasonal availability of produce and aggressive competitor price promotions in the food sector.




(0)
No Comments
Post Comment
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
   
 
 
 
 
   
 

  
Related Press Releases
Advertisement
Popular Articles
Advertisement
Partner Center
Fundamental data is provided by Zacks Investment Research, market data is provided by AlphaTrade. , and Commentary and Press Releases provided by Quotemedia