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COSI

Cosi

$0.07

-0.0012 (-1.65%)

06:37
10/03/16
10/03
06:37
10/03/16
06:37

Cosi receives Nasdaq notice of delisting

Cosi announced that, on September 29, it received notice from the Listing Qualifications Department of The Nasdaq Stock Market indicating that, in accordance with Listing Rules 5101, 5110(b) and IM-5101-1, Nasdaq has determined that the Company's securities will be delisted from The Nasdaq Stock Market. Given the continued listing requirements of The Nasdaq Stock Market and the Company's pending Chapter 11 cases, the Company does not plan to appeal the Nasdaq determination to delist the Company's common stock. Accordingly, trading of the Company's common stock will be suspended at the opening of business on October 10, 2016, and a Form 25-NSA will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on The Nasdaq Stock Market.

COSI Cosi
$0.07

-0.0012 (-1.65%)

12/16/15
ROTH
12/16/15
NO CHANGE
ROTH
Cosi sales trends improving, says Roth Capital
Roth Capital says that Cosi's sales trends are improving following two months of declines, and it expects the company to close its unprofitable restaurants when their leases expires. Roth keeps a $1.50 price target and Buy rating on the shares.
04/06/16
04/06/16
NO CHANGE

Cosi reports Period 3 comparable sales up 1.8%, Q1 comparable sales up 2.2%
Cosi reported that estimated system-wide comparable restaurant sales for the 2016 Period 3 and 2016 Quarter 1, as measured for restaurants in operation for more than 15 consecutive months as company-owned or franchised, recorded an aggregate increase of 1.8% and 2.2% respectively, as compared to the same periods in 2015. For the 2016 Period 3 and 2016 Quarter 1, the 13 Hearthstone locations acquired on April 1, 2015, recorded an aggregate increase in comparable restaurant sales of 0.3% and 5.4% respectively. The company reported continued improvements in COGS and Labor expenses in the 2016 Quarter 1, based on preliminary results for the quarter, when compared to the same quarter last year. The company closed one unit in February, in addition to the two previously announced closures in January. The company also confirmed two additional closures that will occur in Q2, as well as their expectation to close 4 to 5 other locations in the second half of the year. The company reported a continued improving trend in traffic in 1Q16, which it has attributed to a combination of digital marketing initiatives in selected markets, improvements in operations execution, and throughput.

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DBOEY

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MESO

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LIOX

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CMCSA

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WAT

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CR

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DBOEY

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BCO

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XOM

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TXMD

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MYL

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MCD

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HSY

Hershey

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SSNLF

Samsung

, FB

Facebook

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SSNLF

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EFX

Equifax

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MRK

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EFX

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NOK

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TGT

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GPRO

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LGND

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HURN

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ENS

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