Country Style Cooking poised to outperform, says Cowen Cowen believes Country Style Cooking is the best positioned home-grown China restaurant following Q3 results. The firm cited its low cost producer business model and the company's sanitary scandal finally being put behind them. Shares are Outperform rated.
Country Style Cooking reports Q3 adjusted EPS 10c Reports Q3 revenue $61.1M. Reports Q3 comparable restaurant sales down 10.7%. Reports Q3 restaurant level operating margin 14%. Total number of restaurants increased by a net total of nine in Q3 to 355 restaurants as of September 30, 2015, covering 30 cities and up from 332 restaurants as of September 30, 2014.