Second Quarter 2014 Financial Results
Comparable Store Sales Increase as Fresh-Squeezed Juice Rolls Out
Juices Now Offered by More Than 500 Jamba Stores
Net income flat at $6.4 million; non-GAAP net income $7.7 million, an increase of 21.3%; G&A Decreases
Tech Innovations Score Breakthroughs with Consumers
EMERYVILLE, Calif.--Jamba, Inc. (JMBA) today reported unaudited financial results for the second fiscal quarter ended July 1, 2014. Jamba® recorded quarterly comparable store sales(1) increases for company-owned and franchise-operated stores, driven by the expansion of Jamba’s fresh-squeezed juice and whole food blending platform.
Juice and whole food blending was introduced to 376 stores during the quarter as a result of the accelerated national rollout, bringing the new platform to a total of 508 Jamba units by quarter end. The juice platform, which was available for only one month during the quarter in most units, is on target to add 300-400 basis points to sales based upon store sales to date.
- Published: 05 August 2014
- Written by Editor