Così (COSI) Q2 Comps Fell 0.4%

Così (NASDAQ: COSI) reported that estimated system-wide comparable restaurant sales for the second quarter of 2015, as measured for restaurants in operation for more than 15 months, recorded an aggregate decline of -0.4% as compared to the second quarter of 2014. The breakdown in estimated comparable restaurant sales between Company-owned and franchise-owned restaurants is as follows:

"We continue to see sales momentum in the markets where we have fully deployed the Hearthstone operating model," stated RJ Dourney, Cosi's President and CEO. "We are staying the course and being relentless in the roll out of our strategy system wide. We remain confident in our ability to deliver our plan in the second half of the year," Dourney went on to say. Dourney then addressed the franchisee comparative sales, stating, "I also remain confident in the progress we have made to improve the profitability of our franchise system. At the same time, we have put a full court press on the three outlier units to address the unique circumstances surrounding the performance of these locations."

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