Chongqing, China based
Country Style Cooking Restaurant Chain Co., Ltd.
) recently declared its preliminary results for the fourth
quarter of 2012. The company is scheduled to report its detailed
fourth quarter and full year 2012 financial results in early
Country Style Cooking expects fourth quarter 2012 revenues
will be lower than the company's previously provided guidance
range of RMB300 million to RMB310 million. The quarterly sales
are likely to be affected by the slow store-opening rate. In
addition, the company projects that the comps will grow
sequentially and improve through 2013.
The net income is also likely to increase year over year.
However, it may be adversely affected by seasonality, increased
raw material and other operating expenses.
At the end of the fourth quarter, the company was operating
256 restaurants versus 199 restaurants in the year-ago period.
Country Style Cooking unveiled 21 restaurants with five Mr. Rice
branded quick-service, canteen-style restaurants in the reported
Country Style Cooking, a quick service restaurant chain,
mainly serves Sichuan-style fast food in China. It operates under
the CSC brand.
Earlier in third quarter of 2012, the company reported
revenues of RMB327.0 million, up 12.6% year over year buoyed by
its enhanced restaurant business. Comp sales declined 5.3% year
over year. The restaurant operating margin expanded 110 bps to
19.5%, attributable to the company's cost effective
The company has projected that its revenue for the full year
of 2012 will be within the range of RMB1,192 million to RMB1,202
million, up 17% to 18% year over year respectively.
Country Style Cooking currently retains a Zacks Rank #3
(Hold). Moving ahead, restaurateurs, which are also expected to
perform well, include
Bob Evans Farms, Inc.
Krispy Kreme Doughnuts Inc.
AFC Enterprises Inc.
). Bob Evans and Krispy Kreme Doughnuts currently carry a Zacks
Rank #1 (Strong Buy) whereas AFC Enterprises carries a Zacks Rank
AFC ENTERPRISES (AFCE): Free Stock Analysis
BOB EVANS FARMS (BOBE): Free Stock Analysis
COUNTRY STY-ADR (CCSC): Free Stock Analysis
KRISPY KREME (KKD): Free Stock Analysis
To read this article on Zacks.com click here.