UPDATE: Cosi Reports Q3 Comps Down 1.5%

Cosi, Inc.

, the fast casual restaurant company, today reported estimated system-wide comparable restaurant sales for the third quarter decreased 1.5% as compared to the third quarter of 2013. The breakdown in estimated comparable sales between Company-owned and franchise restaurants, on both a quarterly and periodic basis, are as follows: "Management is intensely focused on delivering our strategic plan. The good news is we are seeing traction. We are encouraged by the increase in comparative sales we are seeing in the fourth quarter. We are seeing positive comparatives driven by positive traffic while at the same time we recognize we have much to accomplish" said RJ Dourney Cosi's CEO and President.