Jamba (JMBA) Releases Earnings Results, Misses Expectations By $-0.10 EPS

Jamba (JMBA) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.09 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $0.19. The company posted revenue of $21.50 million in the period, compared to analysts expectations of $22.75 million. The company’s revenue was down -60.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Jamba closed down -0.16 points or -1.48% at $10.63 with 72,311 shares getting traded on Tusday. Post opening the session at $10.81, the shares hit an intraday low of $10.55 and an intraday high of $10.84 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Dec 8, 2015, James D White (President and CEO) sold 8,794 shares at $13.65 per share price. According to the SEC, on Nov 30, 2015, Arnaud Joliff (VP, Ops Support/Supply Chain) sold 526 shares at $13.53 per share price. On Nov 25, 2015, Steve Adkins (SVP, Store Operations) sold 2,515 shares at $13.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Jamba Inc. is a restaurant retailer of specialty food and beverage offerings. The Company’s offerings include whole fruit smoothies squeezed juices and juice blends Energy Bowls hot teas and a range of food items including hot oatmeal breakfast wraps sandwiches Artisan Flatbreads baked goods and snacks. The Company through its wholly owned subsidiary Jamba Juice Company operates a portfolio of franchised and Company-owned Jamba Juice stores and licensed JambaGO and Jamba Smoothie Station formats. The Jamba brand includes product platforms and both licensed and company driven consumer packaged goods. Jamba Juice Company sells consumer packaged goods (CPG) products and licenses its trademarks for CPG products sells through retail channels such as grocery stores warehouse clubs and convenience stores. It has around 868 Jamba Juice stores 543 franchise-operated stores in the United States and 62 franchise-operated stores in international locations.


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