COSI - STRONG SALES RESULTS

10/15/10 07:30AM EDT

CONCLUSION: COSI released 3Q10 sales results last night; the results were impressive and support our bullish case. 

Cosi same-store sales results came in strong for 3Q with company-owned stores seeing a 205 bp sequential improvement in two-year average trends as comparable sales grew 6.6% in the quarter.  System-wide same-store sales grew 5.2% versus 3Q09.  In early September, I wrote a note titled, "ALL ROADS POINT NORTH", and these results are right in line with that thesis. 

COSI - STRONG SALES RESULTS - cosi 3q

Howard Penney

Managing Director

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.