Jamba Earnings: Here’s Why Investors are Not Happy Now
Jamba, Inc. (NASDAQ:JMBA) had a loss and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.1%.
Jamba, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.09 in the quarter versus EPS of $-0.15 in the year-earlier quarter.
Revenue: Decreased 0.29% to $44.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Jamba, Inc. reported adjusted EPS loss of $0.09 per share. By that measure, the company beat the mean analyst estimate of $-0.11. It missed the average revenue estimate of $46.03 million.
Quoting Management: “Jamba achieved significant growth and record accomplishments in fiscal 2012 and we look forward to the momentum continuing in 2013. Our annual net income, Jamba’s first since the Company became public, signals that we have a business model designed for accelerated, sustained profitable growth. Our new BLEND Plan 3.0, introduced earlier this year, will broaden and strengthen our efforts to become a globally recognized $1 billion globally recognized, healthy active lifestyle brand by 2015,” said James D. White, chairman, president and CEO of Jamba, Inc.
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