More on Country Style Cooking (CCSC): Q4 misses estimates across the board on lower comp store sales and a decline in margins. The company also lowers its Q1 forecast, now expecting revenues of $43M - $44.5M, below the Street view of $50M. Shares -10.5% AH.
Country Style Cooking (CCSC) is down 9.7% AH, making a new 52-week low in the process, after announcing its CFO will resign due to "personal reasons," effective Jan. 31. Shares of the Chinese fast-food chain fell last month after it posted Q3 results.
Country Style Cooking Restaurant Chain (CCSC -12.2%) became the latest Chinese ADR to tumble after reporting Q3 results. While revenue of $45.5M (+39% Y/Y) beat by $0.5M, EPS of $0.11 missed by a penny. In addition, the company is guiding for Q4 revenue of $42.3M-$43.9M, below a consensus of $46.8M.