Cosi, Inc.(COSI)- NASDAQ
  • Yesterday, 4:41 PM
    • Cosi (NASDAQ:COSI) is halted after announcing the termination of CEO and President Robert Dourney and the resignation of CFO Miguel Rossy-Donovan effective Sept. 23 to accept a position at another company.
    • Cosi says a search for a new CEO will start immediately, with board member Patrick Bennett serving as interim CEO.
    • Dourney, who joined Cosi in 2014, previously was founder and CEO of Hearthstone Associates, COO of Au Bon Pain, and Regional VP of Operations and VP of Franchise Operations and Development at Applebee’s.
    | Yesterday, 4:41 PM | 1 Comment
  • Thu, Aug. 11, 4:01 PM
    • Cosi (NASDAQ:COSI): Q2 EPS of -$0.07 in-line.
    • Revenue of $22.82M (-6.7% Y/Y) beats by $1.32M.
    • Press Release
    | Thu, Aug. 11, 4:01 PM
  • Thu, Aug. 11, 2:57 PM
    • Wendy's (WEN +0.4%) CEO Todd Penegor confirmed that a consumer trend of eating home is at play, although he pointed to pricing not civil discontent as the larger factor.
    • "The continued gap in the cost of eating at home and dining out is at the widest point since the recession," stated Todd Penegor.
    • Just a partial list of restaurant chains that disappointed with their Q2 comparable sales growth marks includes Brinker International (NYSE:EAT), Bojangles (NASDAQ:BOJA), Red Robin Gourmet Burgers (NASDAQ:RRGB), Habit Restaurants (NASDAQ:HABT), Bravo Brio Restaurant Group (NASDAQ:BBRG), Cosi (NASDAQ:COSI), Bloomin' Brands (NASDAQ:BLMN), Buffalo Wild Wings (NASDAQ:BWLD), and Noodles (NASDAQ:NDLS).
    • Wendy's earnings call transcript
    • Related: Consumers trade down to fast food (Aug. 4)
    | Thu, Aug. 11, 2:57 PM | 3 Comments
  • Wed, Aug. 3, 7:04 AM
    • Cosi (NASDAQ:COSI) reports system-wide comparable restaurant sales decreased 5.3% during the company's Period 7 reporting time period.
    • Comparable sales fell 7.8% at company-owned restaurants.
    • "I believe management’s ongoing focus on unit-level costs since our operational ‘reboot’ in October has allowed us to avoid the unit-level margin degradation that often accompanies negative comparable sales results," says CEO RJ Dourney.
    | Wed, Aug. 3, 7:04 AM
  • Wed, Jul. 6, 6:54 AM
    • Cosi (NASDAQ:COSI) reports system-wide comparable restaurant sales fell 4.5% during the company's Period 6 reporting time period.
    • Comparable sales declined 6.6% at company-owned restaurants.
    • Cosi says it now expects to miss on achieving positive EBITDA in Q3.
    • "The future timing of positive adjusted EBITDA is tied directly to our ability to generate revenue growth," says CEO RJ Dourney.
    | Wed, Jul. 6, 6:54 AM | 6 Comments
  • Wed, Jun. 8, 8:56 AM
    • Cosi (NASDAQ:COSI) reports system-wide comparable restaurant sales declined 0.7% during the company's Period 5 reporting time frame.
    • The comp delivered from company-owned restaurants was weak at -3.8%.
    • Cosi says it expects to see positive EBITDA in Q3.
    | Wed, Jun. 8, 8:56 AM
  • Thu, May 12, 4:33 PM
    • Cosi (NASDAQ:COSI): Q1 EPS of -$0.08 misses by $0.02.
    • Revenue of $21.68M (+21.0% Y/Y) beats by $0.18M.
    • Press Release
    | Thu, May 12, 4:33 PM
  • Wed, May 4, 7:03 AM
    • Cosi (NASDAQ:COSI) reports system-wide comparable restaurant sales fell 0.2% during the company's Period 4.
    • The comp delivered from company-owned restaurants was -2.2%.
    • Cosi expects to see positive EBITDA later this year between the second and third quarters after margins improve.
    | Wed, May 4, 7:03 AM
  • Wed, Apr. 6, 7:00 AM
    • Cosi (NASDAQ:COSI) reports comparable restaurant sales rose 1.8% for period 3. Comparable sales at franchised outlets was up 8.3% to help offset a decline at company-owned stores.
    • For Q1, system-wide comparable restaurant sales were 2.2% higher.
    • The company expects to achieve positive EBITDA in the second half of the year.
    • Now read Cosi's CEO R. J. Dourney on Q4 2015 Results
    | Wed, Apr. 6, 7:00 AM
  • Thu, Mar. 24, 4:05 PM
    • Cosi (NASDAQ:COSI): Q4 EPS of -$0.08 misses by $0.01.
    • Revenue of $24M (+23.1% Y/Y) misses by $0.48M.
    • Press Release
    | Thu, Mar. 24, 4:05 PM
  • Wed, Feb. 3, 8:58 AM
    • Cosi (NASDAQ:COSI) reports system-wide comparable restaurant sales fell 1.7% during what the company calls its Period 1.
    • Comparable restaurant sales were down 0.5% at company-owned stores and 4.3% at franchised outlets.
    • The company says it's on track with internal cash projections.
    | Wed, Feb. 3, 8:58 AM
  • Wed, Jan. 6, 8:09 AM
    • Cosi (NASDAQ:COSI) reports comparable restaurant sales increased 2.1% during what the company calls Period 12.
    • Comparable restaurant sales for Q4 were up 0.7%.
    • The company also announced that a restructuring has led to the elimination of 11 positions and confirms that three locations are scheduled to be closed. Cosi is pursing an "exit strategy" for another six stores.
    | Wed, Jan. 6, 8:09 AM
  • Dec. 9, 2015, 7:20 AM
    • Cosi (NASDAQ:COSI) reports comparable-restaurant sales increased 0.7% during what it calls Period 11.
    • Comps rose 1.9% at franchised outlets and 0.1% at company-owned stores.
    • The Hearthstone restaurants added to the system earlier this year are not included in the comp tallies.
    | Dec. 9, 2015, 7:20 AM
  • Nov. 12, 2015, 4:21 PM
    • Cosi (NASDAQ:COSI): Q3 EPS of -$0.08
    • Revenue of $23.52M (+22.4% Y/Y)
    | Nov. 12, 2015, 4:21 PM
  • Oct. 7, 2015, 12:45 PM
    | Oct. 7, 2015, 12:45 PM | 7 Comments
  • Oct. 7, 2015, 7:03 AM
    • Cosi (NASDAQ:COSI) reports system-wide comparable restaurant sales fell 3.6% during the four-week period ending on Sep. 28.
    • The company recorded a 0.3% decline for Q3 after the late tail-off.
    • Business interruptions tied to the visit of Pope Francis cut into sales at 30% of Cosi's restaurants.
    | Oct. 7, 2015, 7:03 AM
Company Description
Cosi, Inc. owns, operates and franchises fast casual restaurants which sell, made-to-order hot and cold sandwiches, hand-tossed salads, bowls, breakfast wraps, Cosi, Squagels, hot melts, flatbread pizzas, S'mores and other desserts, and a variety of coffees and coffees along with other soft... More
Sector: Services
Industry: Restaurants
Country: United States