99 Cents Only sales and profits increase in Q3; six stores on tap

City of Commerce, Calif. -- 99 Cents Only Stores reported Thursday that profit for the quarter ended Dec. 29 rose 6.5% to $51 million, compared with $47.9 million in the year-ago period.



Total sales increased 8.8% to $35.6 million, from $403.9 million last year. Same-store sales rose 4.3%.



The company said it plans to open six stores during the fourth quarter, with most slated to open in California.