FORTYNINER SHOPS INC California State University Long Beach
FORTY-NINER SHOPS, INC. California State University Long Beach, CA Finance & Investment Committee FY 2018/2019 3 rdd Quarter Results April 19, 2019 2018 -2019 Q 3 Results 1
FORTY-NINER SHOPS, INC. California State University Long Beach, CA FY 2018/2019 Third Quarter Financial Results � Financial Overview � Summary Operating Statement ◦ March and Third Quarter Results � Capital Status � Investment Results � Financial Statements � March Year-over-year Comparison 2018 -2019 Q 3 Results 2
FORTY-NINER SHOPS, INC. California State University Long Beach, CA � Net FY 2018/2019 Third Quarter Financial Overview Operating results on Plan ◦ Sales slow down and Transition �Retail Food Services continue to trail budget �Bookstore Gradfair shift to Credit & Revenues ◦ Maintained margins and minimized expense � Financial Market turn around (below the line) ◦ Investment Gain of $880, 632 � Positive Cash flow of $1, 794, 190 for Q 3 � Capital Expenditures as planned for Starbucks 2018 -2019 Q 3 Results 3
FORTY-NINER SHOPS, INC. California State University Long Beach, CA FY 2018/2019 Third Quarter Financial Overview (cont’d) � Year-to-Date results ahead of plan/last year � Japanese Garden contribution, $200 K, on hold � Minimum wage impact in place since January 2018 -2019 Q 3 Results 4
FORTY-NINER SHOPS, INC. California State University Long Beach, CA 2018 -2019 Q 3 Results Operating Statement Summary March 2019 5
FORTY-NINER SHOPS, INC. California State University Long Beach, CA 2018 -2019 Q 3 Results Operating Statement Summary FY 2018/2019 3 rd Quarter Results 6
FORTY-NINER SHOPS, INC. California State University Long Beach, CA Operating Statement – Division Recap March and 3 rd Quarter Results 2018 -2019 Q 3 Results 7
FORTY-NINER SHOPS, INC. California State University Long Beach, CA 2018 -2019 Q 3 Results Operating Statement Summary Year-To-Date Results 8
FORTY-NINER SHOPS, INC. California State University Long Beach, CA 2018 -2019 Q 3 Results Divisional Operating Statement March Y-T-D Results 9
FORTY-NINER SHOPS, INC. California State University Long Beach, CA FY 2018/2019 Q 3 Capital Status � Current Year Expenditures of $416, 267 � Starbucks ◦ Library Completed - $174, 954 Final billing in March �Total Cost $555, 179 ($550 K two year budget) ◦ Starbucks UDP kick-off �$55, 185 (Includes $30 K license fee) � $110, 259 UDP Sewer Repair in March � Other Capital ◦ $34, 413 relegated to Coolers and Freezers ◦ $22, 234 Bookstore Relocation carry over 2018 -2019 Q 3 Results 10
FORTY-NINER SHOPS, INC. California State University Long Beach, CA 2018 -2019 Q 3 Results Capital Expenditure Status FY 2018/2019 March YTD 11
FORTY-NINER SHOPS, INC. California State University Long Beach, CA Morgan Stanley (MSSB) Portfolio FY 2018/2019 Performance � Third Quarter recovery of $826, 795 � Year to date down $4, 761 (0. 5%) 2018 -2019 Q 3 Results 12
FORTY-NINER SHOPS, INC. California State University Long Beach, CA � � Beach Investment Group (BIG) (Formerly SMIF) Portfolio FY 2018/2019 Performance Third Quarter Recovery of $47, 091 Year to date down $11, 059 (2. 2%) 2018 -2019 Q 3 Results 13
FORTY-NINER SHOPS, INC. California State University Long Beach, CA 2018 -2019 Q 3 Results VEBA TRUST PERFORMANCE (Off-Balance Sheet) 14
FORTY-NINER SHOPS, INC. California State University Long Beach, CA � Investment Financial Statements Overview March 2019 Report ◦ Cash/Investment up $872 K from last year �Offsetting Investment gains/losses � Balance Sheet ◦ Inventory flat at $2. 6 M ◦ A/R flat at $2. 3 M �Textbooks and merchandise ◦ Long Term Liabilities Down � Cash Flow Statement ◦ March/Q 3 Cash Flow of $791 K/$1, 8 M 2018 -2019 Q 3 Results 15
FORTY-NINER SHOPS, INC. California State University Long Beach, CA 2018 -2019 Q 3 Results Investment Designation Report March 2019 16
FORTY-NINER SHOPS, INC. California State University Long Beach, CA 2018 -2019 Q 3 Results Balance Sheet – March 2019 17
FORTY-NINER SHOPS, INC. California State University Long Beach, CA 2018 -2019 Q 3 Results Cash Flow – March 2019 18
FORTY-NINER SHOPS, INC. California State University Long Beach, CA � Operating March 2018 & 2019 Year-to-year OS Comparison results ahead of last year ◦ Sales up 1. 9% but trending differently �Text Books down $825, 876 (12. 3%) as D 1 D takes place �Retail Foods/C-Store Sales up $267, 864 (3. 6%) �Residential Dining volume improvement $1, 035, 920 ◦ Cost of Goods/Margins 0. 8 points favorable � Investment flat this year compared to 10% growth in FY 17/18 2018 -2019 Q 3 Results 19
FORTY-NINER SHOPS, INC. California State University Long Beach, CA 2018 -2019 Q 3 Results Operating Statement Summary Year-to-Year Comparison March Results 20
FORTY-NINER SHOPS, INC. California State University Long Beach, CA 2018 -2019 Q 3 Results March Operating Statement Division Year-to-Year Comparison 21
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