RISE - Menu Monitor

Cosi Inc. appointed Edward Backus as chief development officer and Christopher Ames as chief operating officer. Previously,
Backus served as senior vice president of business development for PepsiCo and Ames served as executive vice president for
The Patina Group. (Company Release 11/13/06)
Cosi, Inc. chief executive officer and president, Kevin Armstrong, has resigned, effective immediately. The company has
appointed Robert Merritt as interim CEO and president. (Company Release 3/12/07)
Cosí Inc. hired James Hyatt as president and chief executive officer, replacing Robert Merritt. Previously, Hyatt served as
executive vice president and global chief operations officer for Burger King Corp. (Fesmag.com 10/3/07)
News & Other |
Cosi Inc. reported for the fourth quarter revenues grew 11.3% to $31.7 million from $28.5 million for the same period last year.
Same-store sales increased 0.4%. (Company Release 1/10/07)
Così is revamping units and plans to add several new locations over the next few years. Changes include eliminating the liquor
bar section of the restaurant. Instead, guests will be able to order wine or beer at the time that they place the rest of their
order. Other design updates include wood floors, wood furniture and couches. In addition, the chain is looking to increase its
company-owned units by 50% over the current 110 it already has. Così anticipates having more than 300 company and
franchised outlets by the end of 2008. (Chicago Tribune 12/23/06 Section 2 p1)
Così Inc. reported a net loss of $12.3 million for the year ended January 1, versus a net loss of $13.1 million for 2005.
Revenues increased 8.3% to $126.9 million from $117.2 million. Same-store sales grew 0.3%. (Company Release 3/19/07)
Cosi Inc. reported for the first quarter ended April 2 a net loss of $4.2 billion compared to a loss of $3.9 billion for the same
period last year. Revenues increased 8.3% to $32.1 billion from $29.6 billion. Same-store sales declined 2.4%. (Company
Release 5/10/07)
Così Inc. reported preliminary results for the second quarter ended July 2. Revenues grew 12.4% to $36.5 million from $32.5
million for the same quarter the year before. Same-store sales rose 0.1%. The company opened two franchised locations
during the quarter and opened one franchised unit after the close of the quarter. (Company Release 7/19/07)
Cosí Inc. reported for the third quarter ended October 1 net earnings increased 6.9% to $35 million from $32.8 million for the
same period last year. Revenues grew 8.1% to $35.6 million from $33 million. Same-store sales rose 1.6%. (Company
Release 10/16/07)
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