Jamba, Inc. Reiterates Fiscal Year 2011 Guidance

Jamba, Inc. (NASDAQ:JMBA) reiterates its fiscal year 2011 guidance.

“We are pleased with our third quarter sales performance and expect that Q311 will represent our fourth consecutive quarter of positive Company-owned comparable store sales growth. We continue to make solid gains against our strategic initiatives which gives us confidence to reiterate our guidance for FY11”

For fiscal year 2011 the Company expects to deliver positive Company-owned comparable store sales⁽¹⁾ of 2-4%; achieve adjusted operating profit^{margin(2) of 18-20%; develop 50-70 U.S. locations in traditional, non-traditional, and express franchise formats; and maintain general and administrative expenses, in dollars (excluding litigation charges and other one-time expenses), consistent with 2010 levels.}

“We are pleased with our third quarter sales performance and expect that Q311 will represent our fourth consecutive quarter of positive Company-owned comparable store sales growth. We continue to make solid gains against our strategic initiatives which gives us confidence to reiterate our guidance for FY11,” stated James D. White, chairman, president and CEO, Jamba, Inc. “Our actions and achievements are facilitating the transformation of Jamba into a leading health-and-wellness brand.”

The Company will release third quarter earnings after the close of market and conduct a conference call to discuss financial results on November 9, 2011 at 5:00 p.m. ET. The conference call can be accessed live over the phone by dialing (888) 846-5003 or for international callers by dialing (480) 629-9856. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 4478440. The replay will be available until November 30, 2011. The call will be webcast live from the Company’s website at www.jambajuice.com under the investor relations section. The earnings release will provide additional details on revenue and related reconciliations to reflect the impact of the Company's refranchising initiative.

Logos, product and company names mentioned are the property of their respective owners.

Reader Comments:

Be the first to leave a comment for this article

Tweet