COSI Projects Bigger Loss in 2005
Hot on the heels of last week’s Analyst Pan of COSI, the company has just announced that 2005 earnings will fall below their projections.
The company believes this is due to delays in opening its restaurants and higher than expected costs.
For 2006, they are projecting a profit - however, the numbers they have stated all exclude a stock compensation expense. In the next few months, the only one profiting from COSI might be the executives.
