QKL Stores Expects Q4 Revenues of $83M to $85M

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.