Jamba (JMBA) Misses Q2 EPS by 10c
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Jamba, Inc. Announces Second Quarter 2016 Financial Results
August 4, 2016 4:15 PM EDTCompany-owned Comparable Sales Increased 5.7% and System-wide Comparable Sales Increased 4.2%
Opened 12 New Global Stores
Share Repurchase Authorization of $20 Million
EMERYVILLE, Calif.--(BUSINESS WIRE)-- Jamba, Inc. (NASDAQ: JMBA) today reported unaudited financial results for the second quarter ended June 28, 2016.
Financial Highlights
Total revenue for the quarter decreased 60.2% to $21.5 million from $54.1 million for the prior year, primarily due to the reduction in the number of Company stores as part of the Companys refranchising strategy. Company-owned comparable store sales (1) increased 5.7% for the quarter.... More