News

Jamba Juice same-store sales jump by 3.8 percent in Q3

Jamba Juice attributed the increase to strong performance by its fresh squeezed juice and whole food blending platform.

November 6, 2014

Jamba Juice reported system-wide same store sales increase of 3.8 percent for Q3 compared to the same period last year, attributing the increase to strong performance by its fresh squeezed juice and whole food blending platform.

Juice sales increased from 7 to 15 percent of sales from May through September, according to the company.

“Jamba’s momentum continued to build in the third quarter as our juice and whole food blending platform gained traction,” said James D. White, chairman, president and CEO of Jamba, in a company press release. “Our juice sales are up more than three times over last year and we expect sales will continue to grow as trial and awareness increase. Our new line of ready-to-drink juices, now available in California, provides consumers with fresh-squeezed juices in the store and cold-pressed juices for later."

White affirmed the company’s commitment to an asset light strategy and identified a near term objective to refranchise approximately 114 company-owned stores. 

The company also announced that it is initiating a share repurchase program to buy back up to $25 million of its shares from existing cash resources over the next 18 months.

During the quarter, Jamba opened 12 new domestic franchise-operated stores, of which nine are non-traditional and three traditional, and nine international franchise-operated stores, two of which are in the Philippines, five in Canada, one in Mexico and one in South Korea.

At quarter end, system-wide, Jamba had 807 stores in the United States, of which 535 are franchise-operated stores, and 272 are company-owned. Franchise-operated stores include 39 Jamba Smoothie Stations, the limited menu express format. On an international basis, Jamba had 55 stores at the end of the quarter, all are franchise operated.