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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!