Jamba Inc. narrowed its loss to $244,000 in the April 1-ended first quarter, from $1.7 million in the same period last year.
The Emeryville, Calif.-based company said it had expanded its fresh-squeezed juice and blending program to 130 units by the end of the quarter. James D. White, Jamba’s chairman, president and chief executive, said the company expects to have that platform in 500 units by year’s end.
During the quarter, franchisees opened nine new units in the United States and two new international locations. Eight units in the system were closed. As of April 1, Jamba Juice had 854 locations systemwide, with 263 company-owned. The brand also had 544 domestic franchised units and 47 international franchised locations at the end of the quarter.
1Q NET LOSS
Result: -$244,000, or 1 cent per share(from -$1.7 million, or 11 cents per share)
1Q REVENUE
Result: $51.6 million% Decrease: 7.3% (from $55.7 million)
1Q SAME-STORE SALES
% Increase systemwide: 0.3%
% Increase at company-owned units: 0.6%
% Increase at franchised units: 0.1%
Source: Company report
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