Così (COSI) 2015 Period 7 Comps Rose 1.4%

Così (NASDAQ: COSI) reported that estimated system-wide comparable restaurant sales for the 2015 Period 7, as measured for restaurants in operation for more than 15 months, recorded an aggregate increase of 1.4% as compared to the 2014 Period 7. The breakdown in estimated comparable restaurant sales between Company-owned and franchise-owned restaurants are as follows:

"I continue to be very encouraged by the positive impact we see where our multiple initiatives have been fully implemented," stated RJ Dourney, Così's President and CEO. "At the same time, I acknowledge that it has been more challenging than we had anticipated to ensure full implementation of all, not just some, of the initiatives as we continue to expand this focus to a larger share of our stores, which is causing delays. We are addressing this issue head-on and improving the logistics and management of the deployment of our multiple initiatives. I remain confident we are moving in the right direction operationally," Dourney went on to say.

Dourney then addressed the franchisee comparative sales, stating, "I am also very encouraged by the improved performance of our franchise system, and we remain committed to the profitability of our partners. At the same time, we are moving aggressively to resolve recurring challenges in 3 units that have disproportionally affected our portfolio."

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