Jamba (JMBA) Raises FY12 Comps, Margin Guidance

May 21, 2012 8:33 AM EDT
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Jamba (Nasdaq: JMBA) is now looking for FY12 same-store sales to increase 4-6 percent, up from a previously-issued 3-4 percent increase. Adjusted operating profit margin is expected to be up 20-23 percent, better than the prior 19-22 percent increase.

"After a strong first quarter and continued momentum into the second quarter we are raising our guidance for same store sales and adjusted operating profit for the remainder of the year,” said James D. White, Chairman, President and CEO of Jamba, Inc. “Our Blend Plan 2.0 strategic priorities continue to guide us as we focus on making Jamba a top-of-mind healthy food and beverage brand. Our new fresh squeezed juice blends along with increased attachment, the deepening of nutritional expertise available to our consumers and systems to improve productivity in our stores are all contributing to our success."

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