UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q/A
AMENDMENT NO. 2
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission File Number: 1-11735
99 CENTS ONLY STORES
(Exact name of registrant as specified in its charter)
CALIFORNIA 95-2411605
(State or other jurisdiction (I.R.S. Employer
or organization) Identification No.)
4000 EAST UNION PACIFIC AVENUE
CITY OF COMMERCE, CALIFORNIA 90023
(Address of principal executive offices)
Registrant's telephone number, including area code: (213) 980-8145
NONE
Former name, address and fiscal year, if changed since last report
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
YES [X] NO [ ]
Indicate the number of shares outstanding of each of the issuer's classes
of common stock as of the latest practicable date.
Common Stock, No Par Value, 14,816,635 shares as of October 28, 1996
PAGE 1
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
99 CENTS ONLY STORES
Date: October 29, 1996 /s/ Andrew Farina
----------------
Andrew Farina
Vice President of Finance
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<CASH> 6,146,000
<SECURITIES> 26,731,000
<RECEIVABLES> 1,450,000
<ALLOWANCES> (52,000)
<INVENTORY> 30,903,000
<CURRENT-ASSETS> 65,806,000
<PP&E> 24,563,000
<DEPRECIATION> (6,258,000)
<TOTAL-ASSETS> 89,374,000
<CURRENT-LIABILITIES> 9,379,000
<BONDS> 0
0
0
<COMMON> 65,522,000
<OTHER-SE> 2,820,000 <F1>
<TOTAL-LIABILITY-AND-EQUITY> 89,374,000
<SALES> 85,449,000
<TOTAL-REVENUES> 85,449,000
<CGS> 57,049,000
<TOTAL-COSTS> 18,673,000
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 252,000
<INCOME-PRETAX> 9,475,000
<INCOME-TAX> 3,881,000 <F2>
<INCOME-CONTINUING> 5,594,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 5,594,000
<EPS-PRIMARY> .42
<EPS-DILUTED> .42
<FN>
<F1> Retained earnings.
<F2> Represents pro forma adjustments to reflect conversion of Company from
S corporation to C corporation.
</TABLE>
