The Company is a leader in the
emerging specialty bread/cafe category due to its
unique bread combined with a
quick, casual dining experience.
PRESS RELEASE Michael O'Donnell Joins
Cosi Inc. Board of Directors
getcosi. Cosi's sights, sounds, and spaces
create a tasteful, relaxed
place that always provides a fresh and new
dining experience.bread cinnamons
5% 7.
Panera Bread
Company owns and franchises bakery-cafes under the Panera
Bread(R) and Saint Louis Bread Co. Additional
information is available on the
Company's website, http://www.com . Management added that Terry
Diamond and Edna Morris will be stepping down.breads kolaches
2% 10."
Mr. The words "believe,"
"may," "will," "should," "anticipate," "estimate," "expect," "intend,"
"objective," "seek," "plan
," "strive," or similar words, or negatives of
these words, identify forward-looking statements.bread cheesecake
These
statements are often
identified by the words "believe", "positioned", "estimate", "project",
"target", "continue", "intend", "expect", "future", and "anticipates",
"preliminary" and similar expressions
."
O'Donnell, 50, with more than 20 years of industry experience is currently
the Chairman
, Chief Executive Officer and President of Champps
Entertainment, Inc.panera baked
7%
Franchised
10.7%
Comparable bakery-cafe sales increases exclude closed locations and
are
based on sales for bakery-cafes that have been in operation for at least 18
months., (NASDAQ:
COSI), the premium
convenience restaurant company, today announced the appointment of Michael
O
'Donnell to the company's Board of Directors. "His depth of
experience in growth organizations and
strong multi-unit operating
backgrounds will be very valuable as we execute our strategy of rapid
growth and national brand expansion. (NASDAQ: CMPP).hearth cheesecakes
2% 8.32 to $0.com) is the premium
convenience restaurant that
offers breakfast, lunch, afternoon coffee, dinner and dessert menus full
of
creative, fresh, flavorful foods and beverages.cinnamons warrens
bakery preservatives
About Cosi, Inc.
Cosi (http://www
.frullati bread
Forrest, Cosi's Chairman. Prior to 1998, O'Donnell was president, chief
operating officer and partner
of Ale House Restaurants, Inc.pizzas warrens
6% for the four weeks ended June 14, 2005. From
1998 through May 2002
, he served in various executive capacities with
Outback Steakhouse, Inc.
Forward-looking statements
are based on management's beliefs, assumptions
and expectations of our future economic performance
, taking into account
the information currently available to management. Forward-looking
statements
involve risks and uncertainties that may cause our actual
results, performance or financial condition
to differ materially from the
expectations of future results, performance or financial condition
we
express or imply in any
forward-looking statements.pretzels cheesecake
All forward-looking statements included
in this release are made only as of the date of this release, and we do not
undertake any obligation
to publicly update or correct any forward-looking
statements to reflect events or circumstances that
management's present
belief, expectations, or intentions regarding the Company's future
performance
.bread uae
These
factors include but are not limited to the following: the availability of
sufficient capital
to the Company and the developers party to franchise
development agreements with the Company; variations
in the number and timing
of bakery-cafe openings; the ability by the Company and franchisees to operate
additional bakery-cafes profitably; public acceptance of new bakery-cafes and
new markets; competition;
national and regional weather conditions; changes in
restaurant operating costs, particularly market
changes, food and labor costs,
and inflation; changes in consumer nutritional habits; consumer reaction
to
pricing or menu ingredient changes; changes in costs of new bakery-cafe
openings and other
factors that may affect retailers in general. These and
other risks are discussed from time to time
in the Company's SEC reports,
including its Form 10-K for the year ended December 25, 2004.bakeries warrens
6%
10.33 per diluted share, an
increase of 52% to 57% over Q2 2004. This artisan bread is freshly
baked in front of customers
throughout the day in open flame stone hearth ovens prominently located
in
each of the restaurants. Factors that could contribute to these
differences include, but are
not limited to: the cost of our principal food
products and supply and delivery shortages or interruptions;
labor
shortages or increased labor costs; changes in consumer preferences and
demographic trends;
expansion into new markets; our ability to locate
suitable restaurant sites in new and existing markets
and negotiate
acceptable lease terms; competition in our markets, both in our business
and in
locating suitable restaurant sites; our operation and execution in
new and existing markets; our
ability to recruit, train and retain
qualified corporate and restaurant personnel and management;
cost effective
and timely planning, design and build-out of restaurants; our ability to
attract
and retain qualified franchisees; the availability and cost of
additional financing, both to fund
our existing operations and to open new
restaurants; the rate of our internal growth and our ability
to generate
increased revenue from our existing restaurants; our ability to generate
positive
cash flow from existing and new restaurants; the reliability of
our customer and market studies;
fluctuations in our quarterly results due
to seasonality; increased government regulation and our
ability to secure
required governmental approvals and permits; our ability to create customer
awareness
of our restaurants in new markets; market saturation due to new
restaurant openings; inadequate protection
of our intellectual property;
adverse weather conditions which impact customer traffic at our restaurants
and adverse economic conditions.bread hearth
ST. from September 2003 until March 2005. Further information
regarding factors that
could affect our results and the statements made herein are included in our
filings with the Securities and Exchange Commission.cheesecake bakeries
(R) names. The Company's actual results could
differ materially from those
set forth in the forward-looking statements due to known and unknown
risks and
uncertainties and could be negatively impacted by a number of factors.
"SAFE HARBOR
" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995.pizzas cheesecakes
Panera Bread Reports System
-Wide Comparable Bakery-Cafe Sales Increased 9.6% for the Four Weeks Ended June 14 2005
7%
7.
"We are very excited to have Michael join us," said Forrest.
The Cosi vision
is to become America's favorite premium convenience
restaurant by providing customers authentic,
innovative, savory food while
remaining an affordable luxury. This press release contains statements
that constitute
forward-looking statements under the federal securities laws.bagels freshly
System-wide
sales are a non-GAAP financial measure that includes sales at
all Company and franchise bakery-cafes
. Management uses system-wide sales
information internally in connection with store development decisions
,
planning, and budgeting analyses, and believes it is useful in assessing
consumer acceptance
of the Company's brand and facilitating an understanding
of financial performance as the Company
's franchisees pay royalties and
contribute to advertising pools based on a percentage of their sales
.
panera cheesecakes
0% comparable sales growth target for the entire second quarter, the Company
still
expects earnings per diluted share will be in line with the Company's
previously stated target range
of $0. "They provided valuable
guidance in establishing our national brand as well as their counsel
in
stabilizing the company during challenging times.pizzas cinnamons
7%
Total System 9.
Cosi, Inc. Diamond has been a director of the company since February 2001 and
chose to resign as
a result of personal commitments. Ms. Morris has been a
director of the Company since April 2004
and chose to resign due to
commitments in her new role as President of Blue Coral Seafood and Spirits
.
Forward-looking statements are statements about future events and
expectations and not statements
of historical fact.cheesecake bakeries
5% to
8.
The Cosi menu features Cosi sandwiches, freshly tossed salads
, Cosi Melts,
soups, Cosi bagels, pizzas, S'mores and other desserts, and a wide range of
coffee
beverages. Cosi restaurants are designed to be welcoming and
comfortable with an eclectic environment
.preservatives bagels
cheesecakes breadsmith
In previous
years, he also held several other restaurant industry executive positions.panera cheesecakes
0%
7.
Matters discussed in this news release, including any discussion or
impact, expressed
or implied, on the Company's anticipated growth in
comparable bakery-cafe sales and earnings per
share contain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and
Section 21E of the Securities Exchange Act of 1934.freshly warrens
LOUIS, Panera Bread Company
(Nasdaq: PNRA) today reported that system-wide comparable bakery-cafe sales
increased 9. The breakdown
between
Company-owned and franchised bakery-cafes is as follows:
For the 4 weeks For the 8 weeks Year-to-date
ended
ended through
June 14, 2005 June 14, 2005 June
14, 2005
Company-owned 8.
Although system-wide comparable sales growth
for the 8 weeks ended
June 14, 2005 is somewhat higher than the Company's previously stated 6.panera
. Cosi has developed featured
foods that are built around a secret, generations-old recipe for crackly
crust flatbread. We qualify any
forward-looking statements entirely by these cautionary factors
.bagels warrens
"I want to thank Terry and Edna for their extensive contributions to the
board," said William
D. He served as chief executive officer
and president of Sbarro, Inc.
Cosi currently operates
94 Company-owned and five franchise restaurants in
fifteen states, including California, Connecticut
, Florida, Illinois,
Kentucky, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio,
Pennsylvania
, Virginia, Washington, Wisconsin, and the District of
Columbia.preservatives bread
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