Jamba Inc. declared its franchising initiative complete with the refranchising of 179 company-owned locations in fiscal 2015.
The Emeryville, Calif.-based parent to the Jamba Juice brand said Monday that systemwide same-store sales rose 3.9 percent for the Dec. 29-ended fourth quarter, including a 3.7-percent increase at franchised units and a 5.4-percent jump at company locations.
Revenue for the quarter decreased more than 55 percent, to $19.5 million, in part because of the reduction in company-owned locations.
The chain deepened its net loss during the fourth quarter, which was $8.3 million, or a loss of 55 cents per share, compared with a loss of $8 million, or a loss of 47 cents per share, a year ago.
At the end of the quarter, the chain included 70 company-owned units, compared with 263 locations in the fourth quarter a year ago. The 893-unit chain also included 748 domestic franchised units, as well as 75 international units.
For the full year, revenue declined nearly 26 percent, to $161.7 million, also primarily due to the refranchising effort, despite a 2.3-percent increase in systemwide same-store sales.
Same-store sales at company units increased 1.5 percent due to an increase in average check that offset a decline in transactions, the company said. Same-store sales at franchised locations increased 2.7 percent for the year.
The company also grew revenue from its self-service JambaGO outlets and consumer packaged goods to $5.4 million, an increase from $5.1 million the prior year.
For the year, Jamba ended with net income of $9.4 million, or 58 cents per share, compared with a loss of $3.6 million, or a loss of 21 cents per share, a year ago.
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