UPDATE 1-Cosi (Reuters) - Volatility of near-term comparable sales and new restaurants that are yet to reach their expected operating levels, hurt restaurant operating margins, Cosi Chief Financial Officer William Koziel said in a statement. Based on first-quarter results and uncertainty of the consumer environment in the coming quarters, the company said it now sees a 2007 loss of 18 cents to 23 cents a share, and was withdrawing its 2008 forecasts.Read more at Reuters.com Market News

(Reuters) - Volatility of near-term comparable sales and new restaurants that are yet to reach their expected operating levels, hurt restaurant operating margins, Cosi Chief Financial Officer William Koziel said in a statement.

Based on first-quarter results and uncertainty of the consumer environment in the coming quarters, the company said it now sees a 2007 loss of 18 cents to 23 cents a share, and was withdrawing its 2008 forecasts.


Read more at Reuters.com Market News