date:Apr 18, 2014
fell to $86,327,000 from $97,952,000 the year before.
System-wide comparable restaurant sales fell 3.9% for the year, due to a 6.5% decrease in traffic that was partially offset by a 1.4% increase in average check from year-over-year growth in catering sales. Same-store sales declined 4.6% for the quarter.
For the fourth quarter, Cosi posted a net loss of $4,113,000, which compared with a loss of $2,036,000 during the same prior-year period.
Revenues for the fourth quarter totaled $19,946,00