Shares of Cosi Inc. jumped more than 18 percent Friday after the company reported its first positive same-store sales since 2008. For the past several quarters, much of Cosi’s momentum for a turnaround had come from cost cutting, while sales and traffic remained negative at the fast-casual brand of 144 restaurants. The chain reported late Thursday, however, that same-store sales and traffic both swung positive in the June 28-ended second quarter of 2010. Cosi's stock price rose 18.6 ...
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Contact: Desiree Torres Desiree.Torres@penton.com