Jamba (JMBA) Tops Q4 EPS by 7c

Jamba (NASDAQ: JMBA) reported Q4 EPS of ($0.27), $0.07 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $43.9 million versus the consensus estimate of $44.87 million.

Liquidity

On December 30, 2014, the Company held $17.8 million in cash and cash equivalents compared to cash and cash equivalents of $32.4 million at December 31, 2013. As of December 30, 2014 the Company did not have any restricted cash. During the year, the Company repurchased 910,813 shares of common stock on the open market at an average price of $13.17.

Guidance for 2015

The Company looks to 2015 as a year of earnings growth, cost reduction and value creation in which it will continue to aggressively return capital to shareholders through its stock repurchase program. Jamba set preliminary annual targets of:

• Company-owned comparable store sales(1) of 3%-5% ;
• Operating margin of 4%-6% of revenue;
• 100-125 new U.S. and international store locations;
• G&A at $30 million
• Continued pursuit of the asset-light strategy, with the refranchising of 114 stores by mid-2015.

For earnings history and earnings-related data on Jamba (JMBA) click here.

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