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Jamba Inc. reports Q1 results
June 11, 2007
EMERYVILLE, Calif.—Jamba Inc., parent company of Jamba Juice, reported June 11 financial results for the fiscal first quarter, ended May 1, 2007.
Same-store sales increased 4.2 percent for company-owned locations compared to negative 3.5 percent reported for the same period last year. Same-store sales at franchise locations increased to 2.9 percent for the quarter compared to 1.4 percent in the prior year period.
Jamba Inc. reported a 22 percent revenue increase, up from $73.5 million in Q1 '06 to $89.4 million for the quarter.
The company also reported net income of $11.9 million.
In the first fiscal quarter, 26 new stores were opened, 17 of which were company-owned. The company also acquired 10 California franchise locations during the quarter.
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