Jamba Inc., the parent of smoothie chain Jamba Juice, narrowed its losses in the fourth quarter, saying the company delivered on its strategic and financial targets. Fiscal 2013 was the Emeryville, Calif.-based company’s third consecutive year of same-store sales growth.
Franchised locations include 36 of the new Smoothie Station concept, a limited-menu format. Whole-food blending and the expanded fresh-squeezed juice platform was available at 64 California locations as of Dec. 31. The company’s self-service JambaGO outlets were in 1,851 locations, including 1,000 Target retail stores, and schools.
Jamba ended the quarter with 803 units in the U.S., of which 535 are franchised and 268 are company owned. The chain has 48 units internationally and has signed a franchise agreement to open 80 locations in the Middle East over the next decade.
4Q NET LOSS
Result: -$5.7 million, or 33 cents per share% Increase: 17% (from loss of $6.9 million, or 45 per share)
4Q REVENUE
Result: $44.1 million% Decrease: 0.4% (from $44.2 million)
4Q SAME-STORE SALES
% Increase systemwide: 0.3%
% Increase at company-owned units: 3.4%
% Decrease at franchised units: 2.1%
Source: Company report
FULL YEAR NET INCOME
Result: $2.1 million, or 9 cents per share% Increase: 588% (from $302,000 or a loss of 13 cents per share)
FULL YEAR REVENUE
Result: $229.2 million% Increase: 0.2% (from $228.8 million)
FULL YEAR SAME-STORE SALES
% Decrease systemwide: 0.1%
% Increase at company-owned units: 0.5%
% Decrease at franchised units: 0.6%
Source: Company report
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