Così (COSI) August Comps Rose 1%

Così (NASDAQ: COSI) reported that estimated system-wide comparable restaurant sales for the 2015 Period 8, as measured for restaurants in operation for more than 15 months, recorded an aggregate increase of 1.0% as compared to the 2014 Period 8. Comparable restaurant sales for 2015 Period 8 are reflective of the holiday shift, year over year, and we expect that impact to be offset in 2015 Period 9. The breakdown in estimated comparable restaurant sales between Company-owned and franchise-owned restaurants are as follows:

"I am confident in the progress we are making moving Cosi forward. The forward movement with our menu, the operations of our restaurants and the economic model are all positive," stated RJ Dourney, Cosi's President and CEO. "There are multiple initiatives in progress that I believe will make a significant financial impact," Dourney went on to say.

Dourney then addressed the franchise comparative sales, stating, "We continue to see significant improvements in our franchise system and are aggressively addressing the recurring issues in the three units I have discussed in the past."

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