Jamba, Inc. (JMBA) Reports Mixed Results for Q4; Comments on Outlook
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Jamba, Inc. (NASDAQ: JMBA) reports a Q1 loss of $0.19, 8 cents worse than estimates. Revenues were $88.9 million vs. $87.92 million consensus. (NOTE - only 1 analyst)
The Company continues to expect negative comparable sales trends based on the current environment and has targeted 2009 expense goals as follows:
Cost of sales at or below 26% of company store revenue;
Labor costs at or below 34% of company store revenue;
Other controllable expenses included in store operating, at or below 3.5% of company store revenue; and General and administrative costs at or below $35 million, before share-based compensation expense. [SM]
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