QKL Stores Inc. QKLS today announced its preliminary financial results for the quarter ended December 31, 2010.
Revenue in the fourth quarter of 2010 to be in the range of $83-85 million compared to $71.7 million in the fourth quarter of 2009.
Gross margin to be in the range of 17.8%-17.9% compared to 17.4% for the third quarter of 2010 and 17.8% in the fourth quarter of 2009.
Net income margin to be in the range of 2.5%-2.7% compared to 1.5% in the third quarter of 2010.
Same-store sales increased 8% to approximately $72 million compared to the fourth quarter period of the prior year.
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