Country 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.
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.