Jamba’s 1Q loss widens, but sales improve

Company inks deal for expansion into Canada

Jamba Inc. reported a wider net loss for the first quarter and a drop in revenue, but said its same-store sales momentum continued to build.

The Emeryville, Calif.-based Jamba Juice parent recorded a net loss of $7.3 million, or 11 cents per share, for the April 19-ended first quarter, compared with a year-ago loss of $7.1 million, or 13 cents per share. The latest quarter reflected lower costs of sales, labor and occupancy, but higher impairment charges.

Revenue decl

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