Country Style Cooking Sees Q3 Revenue At Upper End Of Prior Guidance

(RTTNews) - Country Style Cooking Restaurant Chain Co. Ltd (CCSC), a quick service restaurant chain in China, announced preliminary third quarter 2013 results. The company currently anticipates meeting the top range of its previous revenue guidance of RMB380-390 million or $61.9-$63.5 million, compared to RMB327 million or $52.0 million in the third quarter of 2012, representing year-over-year growth of at least 19%.

It also expects to report improved operating margin and net income in the 2013 third quarter compared to the prior year period. Same store sales growth in the third quarter of 2013 is expected to be in the mid-to-high single digits driven by continuing traffic recovery and a market-adaptable pricing strategy.

For the third quarter ended September 30, 2013, the Company expects to open 14 restaurants, bringing the total net restaurant count to 282, compared to a total restaurant count of 238 as of September 30, 2012. The new openings include 4 restaurants under the brand name "Country Style Cooking" and 10 under the brand name "Mr. Rice."

The company plans to report its third quarter 2013 results in mid-November.