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8-K - CURRENT REPORT - COSI INCco32851664-8k.htm
EX-99.1 - PRESS RELEASE - COSI INCco32851664-ex99_1.htm
 
Exhibit 99.2
 
 
 Proprietary and confidential. For internal use only. © 2009 Così, Inc. All rights reserved.   *  Q1 2015 Investor Teleconference  Supplemental InformationMay 14, 2015 
 

 Proprietary and confidential. For internal use only. © 2009 Così, Inc. All rights reserved.   *   Q1 2015 Teleconference Agenda  Introductory CommentsFinancial ResultsSlide 3 – Restaurant Margin Performance Q1Slide 4 – Reconciliation of Non-GAAP Measures To Net Income Q1Questions and Answers 
 

 Proprietary and confidential. For internal use only. © 2009 Così, Inc. All rights reserved.   *   Restaurant Margin Performance – Q1    U.S. Dollars in Thousands (1)  U.S. Dollars in Thousands (1)  U.S. Dollars in Thousands (1)  U.S. Dollars in Thousands (1)  U.S. Dollars in Thousands (1)  U.S. Dollars in Thousands (1)  U.S. Dollars in Thousands (1)                    13 Weeks Ended      13 Weeks Ended      Margin    March 30, 2015      March 31, 2014      Change (1)                  Restaurant Net Sales   $ 17,207   100.0%     $ 17,728   100.0%    ---  Comp Sales %  4.4%      -12.4%                        Cost of Food and Beverage   $ 4,844   28.2%     $ 4,415   24.9%    330 Basis Points Increase                  Gross Profit   $ 12,363   71.8%     $ 13,313   75.1%    330 Basis Points Decrease                  Labor and Related Benefits   $ 7,097   41.2%     $ 7,094   40.0%    120 Basis Points Increase                  Other Operating Expenses   $ 2,636   15.3%     2,479   14.0%    130 Basis Points Increase                  Controllable Contribution   $ 2,630   15.3%     $ 3,740   21.1%    580 Basis Points Decrease                  Occupancy Costs   $ 4,001   23.3%     4,522   25.5%    220 Basis Points Decrease                  Restaurant Cash Flow   $ (1,371)  -8.0%     $ (782)  -4.4%    360 Basis Points Decrease                  (1) Due to Rounding, some percentages might not foot.  (1) Due to Rounding, some percentages might not foot.  (1) Due to Rounding, some percentages might not foot.  (1) Due to Rounding, some percentages might not foot.  (1) Due to Rounding, some percentages might not foot.  (1) Due to Rounding, some percentages might not foot.  (1) Due to Rounding, some percentages might not foot.  (1) Due to Rounding, some percentages might not foot. 
 

 Proprietary and confidential. For internal use only. © 2009 Così, Inc. All rights reserved.   *   Reconciliation of Non-GAAP Measures To Net Income    13 Weeks Ended    13 Weeks Ended    March 30, 2015    March 31, 2014          Restaurant Net Sales   $ 17,207      $ 17,728   Cost of Food and Beverage   $ 4,844      $ 4,415   Labor and Related Benefits   $ 7,097      $ 7,094   Occupancy and Other Operating Expenses   $ 6,637      $ 7,001   Restaurant Cash Flow   $ (1,371)     $ (782)          Franchise Fees and Royalties   $ 701      $ 647           General and Administrative Expenses   $ 2,617      $ 2,369   Depreciation and Amortization   $ 580      $ 639   Provision For Losses On Asset Impairments and Disposals   $ -      $ -   Lease Termination Expense and Closed Store Costs   $ 12      $ (14)  Loss On Sale of Fixed Assets   $ 18      $ -           Operating Loss   $ (3,897)     $ (3,129)          Interest Expense   $ (256)     $ -   Debt Issuance Amortization   $ (165)     $ -   Other Income, net   $ 3      $ 3           Net Loss   $ (4,315)     $ (3,126)          EPS   $ (0.12)     $ (0.17)