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99 Cents Only net income inches up
City of Commerce, Calif. — Net income at 99 Cents Only Stores Inc. slightly increased to $2 million in the second quarter of fiscal 2014 from $1.9 million a year earlier. Net sales rose 6% to $458.2 million from $433.1 million, while same-store sales increased 0.1%.
99 Cents Only cited the short-term impact of several long-term growth initiatives, as well as California’s ongoing drought, as limiting its financial growth during the quarter.
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Dollarama Q2 net income grows 15%; plans 70-80 net new stores
Montreal, Canada — Dollarama Inc. reported net earnings of $68.9 million in the second quarter of fiscal 2015, up 15% from $59.8 million in the same quarter of the prior fiscal year.
Sales increased 12% to $572.6 million from $511.3 million, and same-store sales climbed 6.2%.