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January 16, 2013
16:06 EDTCCSCCountry Style Cooking reports preliminary Q4 revenue $47.7M
One estimate $48.89M. While absolute store numbers have increased to the level expected, stores have opened at a slightly slower-than-expected rate, leading to fewer operating months for generating revenue. Thus, the company currently anticipates to report figures slightly below the bottom range of its previous revenue guidance of $47.7M. The company expects positive net income for Q4 although it had to contend with such pressures as a seasonally slow period, higher raw material costs and increases in other operating expenses. SSS growth in Q4 saw minor improvement over Q3. Management aims to further improve SSS growth throughout 2013.
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