Cosi comps reflect positive growth

Jan. 30, 2012

Così Inc. has reported positive same-store sales figures for its fourth quarter ended Dec. 26, 2011.

System-wide comps recorded an aggregate 2.6 percent increase compared to the fourth quarter of 2010. Same-store sales increased 0.9 percent at company-owned locations and increased 5.3 percent at franchised restaurants.

The increases were driven by a 0.6 percent increase in guest traffic and a 0.3 percent increase in check average. Additionally, the positive comp-sales results stemmed from several marketing initiatives intended to drive traffic and build check averages, as well as from seasonally milder weather.

"I was pleased to see the positive system-wide comparable sales trend Così achieved in the fourth quarter culminating with an 8.2 percent increase in December," said Carin Stutz, Così's president and CEO. "This sales performance only reinforces my confidence in the long term potential of this great brand."

Total revenues for the 2011 fourth quarter increased by $838,000 to $26.2 million, compared to $25.3 million for the 2010 fourth quarter. The 2011 fourth quarter included one extra week of revenues versus the 2010 fourth quarter.

Così noted that the 2011 fiscal year included 53 weeks, 14 weeks in the fourth quarter, versus the 2010 fiscal year which included 52 weeks, 13 weeks in the fourth quarter.

Così expects to report fourth quarter and full-year results after the market close March 29, 2012, and will host a teleconference and webcast at 5 p.m. Eastern time on that day to discuss the company's results for the 2011 fourth quarter and full year.

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Topics: Business Strategy and Profitability , Operations Management , Sandwich , Soup/Salad

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