Country Style Cooking (CCSC) Reports Q2 EPS of RMB0.10
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Country Style Cooking (NYSE: CCSC) reported Q2 EPS of RMB0.10, versus RMB0.28 reported last year. Revenue for the quarter came in at RMB347.5 million, versus RMB345 million reported last year.
Revenue growth was primarily supported by the Company's expanding restaurant network, partially offset by a decline in comparable restaurant sales. During the second quarter of 2015, the Company opened a total of 5 restaurants, bringing the total restaurant count to 346 as of June 30, 2015, compared to its total restaurant count of 317 as of June 30, 2014. Restaurants opened in the second quarter of 2015 included two "Mr. Rice" restaurants. Comparable restaurant sales decreased by 7.9% compared with the same quarter of 2014, mainly attributable to a decrease in customer traffic associated with intensified competition. There were 271 restaurants in the comparison.
For earnings history and earnings-related data on Country Style Cooking (CCSC) click here.
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