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Country Style Cooking Restaurant Chain Co Ltd Lowers Q4 2012 Revenue Guidance; Comments On Q4 2012 Net Income And Same Store Sales Guidance


Wednesday, 16 Jan 2013 04:00pm EST 

Country Style Cooking Restaurant Chain Co Ltd announced that for the fourth quarter of 2012, it anticipates to report figures slightly below the bottom range of its previous revenue guidance of RMB300 million ($47.7 million). The Company expects positive net income although it had to contend with such pressures as a seasonally slow period, higher raw material costs and increases in other operating expenses. Same store sales growth in the fourth quarter saw minor improvement over the third quarter. According to I/B/E/S Estimates, analysts expect the Company to report revenues of $49 million and net income of $1.32 for the fourth quarter of 2012. 

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