Last $3.88 USD
Change Today -0.03 / -0.77%
Volume 9.5K
QKLS On Other Exchanges
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

qkl stores inc (QKLS) Snapshot

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08/7/13 - $8.94
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05/9/13 - $2.79
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qkl stores inc (QKLS) Details

QKL Stores Inc., through its subsidiaries, engages in the operation of retail chain stores in the People’s Republic of China. The company’s supermarkets and hypermarkets sell a selection of merchandise, including groceries, fresh food, and non-food items. Its department stores sell clothing and accessories, cosmetics, small electronics, jewelry, books, home furnishings, and beddings, as well as contain a movie theater and a traditional beauty salon. The company operates a regional supermarket chain that operates 30 supermarkets, 14 hypermarkets, and 4 department stores in northeastern China and Inner Mongolia. QKL Stores Inc. is headquartered in Daqing, the People’s Republic of China.

5,400 Employees
Last Reported Date: 04/4/14

qkl stores inc (QKLS) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, C...
Total Annual Compensation: $76.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $94.9K
Compensation as of Fiscal Year 2012.

qkl stores inc (QKLS) Key Developments

QKL Stores Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year December 31, 2013

QKL Stores reported consolidated earnings results for the fourth quarter and full year December 31, 2013. The company lost $11.6 million net in the quarter compared to a net loss of $30.8 million in the year-ago period. Revenues fell 21.5% to $67.5 million, down from $86 million in the year-ago period. Same-store sales were off 7.2%. Revenue decreased by $82.8 million, or 22.6%, to $282.8 million for fiscal 2013 from $365.6 million for fiscal 2012. The change in Net Sales were primarily attributable to the following: comparable stores are stores that were opened for at least one year before the beginning of the comparison period, or by January 1, 2012. Those 45 stores generated approximately $277.7 million sales in fiscal 2013, a decrease of $50.2 million, or 15.3% compared with $327.9 million sales in fiscal 2012. The company’s net loss of $14.3 million in fiscal 2013 compared with net loss of $31.0 million in fiscal 2012. Excluding the impairment of goodwill, adjusted net loss for fiscal 2013 changed to $14.3 million, or $9.41 per diluted share, from adjusted net income of $4.3 million, or $3.31 per diluted share for fiscal 2012. Loss from operations was $8,871,048 against $32,588,322 a year ago. Net cash used in operating activities was $14,744,479 against net cash provided by operating activities of $3,040,123 a year ago. Purchases of property, plant and equipment was $598,043 against $9,411,202 a year ago.

QKL Stores Inc. to Report Q4, 2013 Results on Apr 04, 2014

QKL Stores Inc. announced that they will report Q4, 2013 results at 9:00 AM, China Standard Time on Apr 04, 2014

QKL Stores Inc., Q4 2013 Earnings Call, Apr 04, 2014

QKL Stores Inc., Q4 2013 Earnings Call, Apr 04, 2014


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