Jamba, Inc. Announces Second Quarter 2012 Financial Results

Jamba, Inc. (NASDAQ:JMBA) today reported unaudited financial results for the second fiscal quarter ended July 3, 2012. The Company recorded a quarterly comparable sales increase of 5.7%, the seventh consecutive quarter of system-wide store sales growth.

Jamba also recorded solid increases in store-level operating margin and revenue from its expanding consumer products platform. During the quarter, 13 new stores opened, six in international markets. The Company also introduced several on-trend offerings, including a reduced calorie line of its classic smoothies and a new flavor for its Fruit Refresher and frozen yogurt platforms.

“Jamba experienced another strong quarter with gains in comparable store sales, store traffic, average price and adjusted operating margin,” said James D. White, Chairman, President and CEO of Jamba, Inc. “We are accelerating our growth as a healthy, active lifestyle brand through product and menu innovation, retail growth in the U.S. and internationally, and expansion of our consumer products platform.”

“Our product innovation was highlighted with the introduction of a reduced calorie line of our classic smoothies, a new summer flavor for our Fruit Refreshers and yogurts and, recently, our new fruit and dairy beverage -- developed with the National Dairy Council for K-12 schools -- that combines the benefits of fat-free milk with nutrient-rich real fruit in a naturally sweetened smoothie.”

“Internationally Jamba has grown to 30 units in 18 months with 20 outlets in South Korea, seven in Canada and three in the Philippines. For the full year, we plan to open up to 15 units internationally and 40-50 in the U.S.,” said Mr. White.

“We believe our innovative JambaGo express format and our better-for-you smoothies and fresh juice blends have excellent prospects to power our growth. Based on our strong performance, we have raised our guidance for the year for company-owned comparable store sales growth from 3-4% to 4-6% and adjusted operating profit margin from 19-22% to 20-23%,” concluded Mr. White.

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