99 Cents Only Stores Q4 total sales rise

The company's same-store-sales for the fourth quarter ended March 29, 2008 increased 1.5% versus the 89-day period ended March 31, 2007. Total sales for the fiscal year ended March 29, 2008 were $1.199 billion, up 8.6% over sales of $1.104 billion for the fiscal year ended March 31, 2007. Same-store-sales for the fiscal 2008 increased 4% versus the 364-day period ended March 31, 2007. Eric Schiffer, CEO of 99 Cents Only Stores, said: "We achieved same-store-sales growth of 1.5% for the fourth quarter, representing our 10th consecutive quarter of same-store-sales growth and, we believe, demonstrating the strength of our concept. This growth was primarily due to increased customer traffic, more transactions and the Easter selling season, our third busiest holiday, occurring entirely in the fourth quarter compared to Easter falling on April 8th last year."

Latest tweets