Jamba Earnings: Here’s Why the Stock is Rising Now
Jamba, Inc. (NASDAQ:JMBA) had a loss and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.89%.
Jamba, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.02 in the quarter versus EPS of $-0.03 in the year-earlier quarter.
Revenue: Rose 3.79% to $55.06 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Jamba, Inc. reported adjusted EPS loss of $0.02 per share. By that measure, the company missed the mean analyst estimate of $-0.02. It beat the average revenue estimate of $54.09 million.
Quoting Management: “Our solid first quarter results, which came in the face of very strong year-ago performance, demonstrate Jamba’s ongoing momentum with increased traffic, average check and operating margin improvement,” said James D. White, Chairman, President and CEO of Jamba, Inc. “Our franchise development is strong with the addition of Mexico as our fourth major international market, and the execution of a multi-store domestic development agreement that will substantially increase our presence in the Midwest. Our accelerated California growth initiative is now completely sold out. And our plans for re-imaging stores and adding new concepts are on track for the balance of the year.”
Key Stats (on next page)…