Turnaround efforts at Jamba Juice Inc. continued to gain traction in the second quarter ended July 2, as net income rose 51 percent from the same quarter a year earlier. Investments in marketing and a focus on value pricing boosted customer traffic, as did the expansion of a fresh-juice platform, unit remodels and the development of international locations and express units.
NET INCOME
Result: $6.2 million, or 36 cents per share% Increase: 51% (from $4.1 million, or 27 cents per share)
REVENUE
Result: $67.3 million% Increase: 1.9% (from $66 million)
SAME-STORE SALES
% Increase systemwide: 1.7%% Increase at corporate units: 2.2%% Increase at franchise locations: 1.2%Source: Company report
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Contact Lisa Jennings at [email protected].
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