Cosi Reports Loss Widened in the First Quarter
Yahoo Finance.com reports that Cosi, a sandwich chain, recently reported its loss widened by 1 cent per share despite the 8% revenue boost. This los has been attributed to costs of newly opened restaurants that have not yet reached their expected operating levels. Jeffrey Farmer, a CIBC analyst, says the company’s agressive development plan led to abandonment of training and hiring selection, corrective action is underway at this time.
