News
Cosi 1Q net drops $4 million
May 13, 2007
DEERFIELD, Ill.— Così, Inc. reported company-owned same-store sales for the first quarter of 2007 declined 2.4 percent. The company says the decrease consisted of a 6.5 percent decline in transaction count offset by a 4 percent increase in the average check, compared to the 2006 first quarter.
Total company revenues increased by 8.3 percent, to $32 million in the 2007 first quarter, compared with $29.6 million in the 2006 first quarter.
Così's net loss for quarter ended April 2, 2007, was $4.2 million, compared with a net loss of $3.9 million for the 2006 first quarter.
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