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Strong 4Q sales keep 99 Cents a hot commodity
COMMERCE, Calif. -- Even with an extra week in this year's reporting period, 99 Cents Only Stores reported a total sales increase for it fiscal fourth quarter. The company reported total sales of $378.5 million for the 14-week fourth quarter of fiscal 2011 ended April 2, 2011, compared with $339.3 million for the 13-week fourth quarter in the prior fiscal year.
The company reported a same-store sales increase of 0.5% for the quarter. Excluding Texas operations, comps were up 0.7%.