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Last $1.69 USD
Change Today -0.07 / -3.98%
Volume 1.2K
QKLS On Other Exchanges
As of 8:10 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

qkl stores inc (QKLS) Snapshot

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52 Week High
02/6/15 - $4.19
52 Week Low
12/10/14 - $1.43
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qkl stores inc (QKLS) Details

QKL Stores Inc., together with its subsidiaries, operates a supermarket chain in northeastern China and Inner Mongolia. Its supermarkets and hypermarkets sell grocery items, such as instant foods, canned foods, packaged rice and wheat powder, and crackers and chips, rice and ground wheat, bottled water and beverages, and cigarettes, as well as non-food items, including cleaning products, cosmetics, and disposable razors. The company also sells fresh-food items comprising raw meat, cooked meats, seafood, noodles and pastas, milk, yogurt, eggs, and packaged dumplings, as well as bakery items comprising breads, buns, and other self-prepared foods. In addition, it offers other non-food items, such as clothing and shoes, books and stationery, bedding and home furnishings, office supplies, toys, sporting goods, and other items, as well as electronics and household use items, such as irons, electric shavers, hair dryers, and massage machines. As of July 22, 2015, the company operated 47 stores comprising 26 supermarkets, 17 hypermarkets, and 4 department stores. QKL Stores Inc. is headquartered in Daqing, the People’s Republic of China.

5,353 Employees
Last Reported Date: 04/15/15

qkl stores inc (QKLS) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, C...
Total Annual Compensation: $77.6K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $97.0K
Compensation as of Fiscal Year 2014.

qkl stores inc (QKLS) Key Developments

QKL Stores Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015; To Open Two New Stores in Second Half of 2015

QKL Stores Inc. reported earnings results for the first quarter ended March 31, 2015. Posting decent quarterly growth, the company reported its revenues as $92.6 million, marking an increase of 7.7% year over year. The company's same store (42 stores) sales generated $79.6 million in sales as compared with $80.3 million in net sales in first quarter of 2014. Net loss came in at $4.6 million or $3.01 per diluted share, as compared to $3.1 million or $2.01 per diluted share in the corresponding quarter prior year. The company announced that it would be opening up two new stores in second half of 2015.

QKL Stores Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

QKL Stores Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $92,557,686 against $86,032,676 a year ago. Loss from operations was $3,581,305 against $1,781,434 a year ago. Loss before income taxes was $4,575,078 against $3,050,579 a year ago. Net loss was $4,583,173 or $3.01 per basic and diluted share against $3,056,451 or $2.01 per basic and diluted share a year ago. Net cash provided by operating activities was $23,560,371 against $17,999,337 a year ago. Purchases of property, plant and equipment was $1,341,384. The improvement of operating cash flows in the first quarter due to a reduction in inventory after the peak Chinese New Year season and a decrease in other receivables attributable to cash recovery from vendors after the busy holiday season.

QKL Stores Inc. to Report Q1, 2015 Results on May 15, 2015

QKL Stores Inc. announced that they will report Q1, 2015 results at 8:30 AM, US Eastern Standard Time on May 15, 2015


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