Così, Inc (COSI) Reports Sales Growth for the 2007 Fourth Quarter and Full Year
Così, Inc. (COSI), a premium convenience restaurant company, reported revenue for the 2007 fourth quarter. Specifically, total revenue grew 5.2% - increasing from $31,782,800 to $33,432,200. Likewise, franchise fees and royalty revenues also increased; contributing $606,500 to this net revenue figure. Additionally, system-wide restaurant sales for the 2007 fourth quarter also increased 2.1%. Revenues for the full 2007 year grew 8.5% to $137,672,200 from $126,888,300 in 2006. Company-owned net restaurant revenues grew 7.6% in 2007 to $135,617,400, compared to $126,038,300 in the previous year. Franchise fees and royalty revenues contributed $2,054,900 compared to $850,000 in 2006. James Hyatt, President and…