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Article: 99 Cents Only Stores Reports a 33.7 Percent Increase in Net Income for the Third Quarter Ended Sept. 30, 1997, With Earnings Per Share of 31 Cents.
- Article from:
- Business Wire
- Article date:
- October 21, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CITY OF COMMERCE, Calif.--(BUSINESS WIRE)--Oct. 21, 1997--
The Company Also Reported Net Income for the Nine Months Ended
Sept. 30, 1997, Increased 39.9 Percent With Earnings Per Share
of 85 Cents
99 Cents Only Stores (NYSE:NDN) reported record net income for the quarter ended Sept. 30, 1997, of $4.8 million on record net sales of $59 million, compared with net income of $3.6 million on net sales of $45.4 million in 1996.
This represents a 33.7 percent increase in net income. Net income as a percentage of net sales increased to 8.1 percent from 7.8 percent in 1996.
Earnings per share was 31 cents in the ...