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Cosi 2-Q revenue up 12.4%, same-store sales up 0.1%

DEERFIELD, Ill. Citing “strong growth” in franchise fees and royalties, as well as “positive traction” in its same-store sales, Cosi Inc. posted a 12.4-percent year-to-year jump in total revenue for its second quarter to $36.5 million.

Corporate net restaurant revenue increased 11.6 percent to $36.1 million and franchise fees and royalties more than tripled from a year ago to $404,812, the company reported.

Same-store sales in the second quarter for restaurants open more than 15 months increased 0.1 percent.

During the quarter, Così franchisees opened three new locations, and one franchised unit was opened after the close of the second quarter, which ended July 2. Cosi also opened one company-owned location.

The company operates about 113 fast-casual sandwich and salad restaurants, and its franchisees operate 22 locations. It said it planned to report full second-quarter results on Aug. 9.

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