Today COSI reported 4Q10 company-operated same-store sales of +6.1% as compared to -6.6% in 4Q09. The franchise comps were +1.8%, bringing system wide same-store sales of 4.5%. The increase for the 4Q10 was comprised of a +3.8% increase in traffic and a +2.3% increase in average check.
On a two-year basis same-store sales improved by 240pbs to -0.3%!
The COSI turnaround continues and we will learn about profitability for 4Q when the company reports earnings after the market close on March 28, 2011.