Jamba Juice Unveils New Kale Orange Power Fresh Juice Blend, Reinforcing its Commitment to Whole Food Blending and Juicing
Mar 11 14
Jamba Juice Company continues to support healthy habits this spring with whole fruits and vegetables in their Fruit & Veggie Smoothies and Fresh Juice Blends. Jamba's Fruit & Veggie Smoothies are a delicious and nutritious way to get three full servings of fruits and vegetables, and the popular Apple 'n Greens Smoothie now includes one full cup of chopped whole leaf kale. Further expanding the company's current menu of nutritious, wholesome goodness, Jamba Juice introduces a fourth Fresh Juice Blend, Kale Orange Power(TM), made with fresh orange juice blended with chopped whole leaf kale and bananas. Jamba wants to help consumers to be their best self by providing high quality whole food ingredients that provide nutrition without sacrificing great taste. With that, Jamba introduces the new Kale Whole Food Boost(TM) which can be conveniently added to any smoothie. For a limited time from March 11 to March 16, 2014, Jamba Juice will be offering a special $2 offer (with coupon) for customers to try the Fruit & Veggie Smoothies and the Fresh Juice Blends at participating Jamba Juice stores nationwide.
Jamba, Inc. Announces Store Opening Plans for 2014 ; Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Fiscal Year Ended December 31, 2013 ; Provides Earnings Guidance for Fiscal 2014 ; Reports Impairment of Long-Lived Assets for the Fourth Quarter Ended December 31, 2013
Mar 6 14
Jamba, Inc. reported that it expects to open 60 - 80 new U.S. and international store locations and up to 1,000 new JambaGO installations in fiscal 2014. Jamba entered into a master franchise development agreement with Foodmark, a subsidiary of Landmark Group, to develop 80 Jamba Juice stores across the Middle East region over the next ten years. The first Jamba Juice store is expected to open in Dubai during the second half of 2014.
The company reported unaudited consolidated financial results for the fourth quarter and fiscal year ended December 31, 2013. For the fourth quarter ended December 31, 2013, total revenue was essentially flat at $44.1 million compared to the $44.2 million in the prior year period. The increase from the prior year in company-owned comparable stores sales, franchise revenue due to 22 additional new and refranchised domestic and international franchise-operated stores, net, and a 13.6% increase in CPG and JambaGO revenue, are slightly offset by the 2.1% decrease in franchise-operated comparable store sales. Loss from operations for the quarter improved by 14.0% to $6.3 million compared to $7.3 million for the prior year period, reflecting the effects of increased company-owned comparable store sales, the increased franchise revenue and reduced general and administrative expenses. Loss before income taxes was $6.339 million, compared to $7.389 million for the last year. Net loss was $5.723 million compared to $6.910 million a year ago. Net loss attributable to common stockholders was $5.723 million or $0.33 per diluted share, compared to $7.015 million or $0.45 per diluted share for the last year. Total comparable company store sales were 3.4% compared to 1.2% negative a year ago. Capital expenditures were $1.8 million related to maintenance capital investments made under store refresh program and investments in information technology platform and strategic marketing initiatives.
For the fiscal year ended December 31, 2013, total revenue increased 0.2% to $229.2 million from $228.8 million in the prior year due primarily to the 0.5% increase in company-owned comparable store sales and increased CPG and JambaGO revenue. This was partially offset by the net reduction in company-owned stores due to the company's refranchising strategy. Income from operations for the year was $2.4 million compared to $0.6 million for the prior year, a 286% increase, reflecting the effects of increased company-owned comparable store sales, the increased franchise and other revenue and reduced general and administrative expenses. Income before income taxes was $2.135 million, compared to $0.457 million for the last year. Net income was $2.080 million compared to $0.302 million a year ago. Net income attributable to common stockholders was $1.492 million or $0.09 per diluted share, compared to loss of $1.879 million or $0.13 per diluted share for the last year. Total comparable company store sales were 0.5% compared to 5.1% a year ago.
For fiscal 2014, the company continues to expect to achieve positive company-owned comparable store sales of 2.0% to 4.0%; store-level margin of 18.0% to 19.0%; operating margin of 2.0% to 3.0%. Capital expenditures expects currently a range of $12 million to $13 million, which includes the refresh about to 150 company store locations during the year, maintenance capital and information technology investments.
Impairment of long-lived assets for the quarter was $0.237 million compared to $0.075 million for the last year.
Jamba, Inc. Presents at 26th Annual ROTH Conference, Mar-11-2014 10:00 AM
Feb 20 14
Jamba, Inc. Presents at 26th Annual ROTH Conference, Mar-11-2014 10:00 AM. Venue: The Ritz Carlton, 1 Ritz Carlton Dr, Dana Point, CA 92629, United States. Speakers: James D. White, Chairman of the Board, Chief Executive Officer and President.