Though Cosi Inc. reported a loss of almost $2 million in its 3rd quarter, company officials said in a conference call that a plan to boost franchise-owned stores, as well as continued roll-out of its next generation store design, will greatly improve revenue in 2007.
Cosi has 109 company-owned locations and 9 franchisee locations as of the end of the 3rd quarter, in 16 states and the District of Columbia.
The firm plans to open about 80 new restaurant sites by December 2007. 9 of the restaurants will open in 2007 from being under construction this year, up to 21 will be new company-owned locations and up to 50 sites will be opened by franchisees, according to company officials. More.
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