Cosi comps down, revenue up
April 18, 2007
DEERFIELD, Ill. — Same-store sales for Così Inc. decreased 2.4 percent for the quarter ended April 3, down from 5.3 percent from the same time last year, the company announced.
Cosi reported revenues for 1Q '07 increased 8.3 percent, up from nearly $30 million in 1Q '06 to
$32 million for the quarter. Company-owned net restaurant revenues also increased, up from $29 million in last year's frst quarter to $32 million this year.
Così expects to report first quarter results after the market close on May 10, 2007, and will host a teleconference and webcast at 5:00 p.m. EST on that day to discuss the results.