Some of the most familiar names in the restaurant world are moving into the grocer's freezer.
P.F. Chang's, Burger King and Jamba Juice all have recently licensed their names for new products to be sold in supermarkets. They join other high-profile restaurant chains including Marie Callender's, Starbucks, T.G.I. Friday's and California Pizza Kitchen, which already have substantial presence at the grocery store.
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Showing posts with label Jamba. Show all posts
Showing posts with label Jamba. Show all posts
Monday, June 21, 2010
Monday, August 24, 2009
Jamba, Inc. Reports Financial Results for the Fiscal Second Quarter of 2009
Highlights for the 12 weeks ended July 14, 2009, compared to the 12 weeks ended July 15, 2008:
- Consolidated EBITDA increased $0.3 million to $10.3 million from $10.0 million for 2Q08.*
- Store-level EBITDA decreased 6.9% to $18.5 million from $19.9 million for 2Q08.*
- Total revenue for 2Q09 decreased 15.1% to $83.2 million from $98.0 million for 2Q08.
- Net loss for 2Q09 of $(5.1) million showed significant improvement when compared to a net loss for 2Q08 of $(89.2) million. Included in the net loss for 2Q09 are a non-cash store impairment charge of $7.5 million, a write-off of $2.9 million for loan fees and discounts relating to the payoff of our senior term note, offset by a gain from derivative liabilities of $1.4 million associated with senior note holder's exercise of its' put option and the June expiration of the Company's warrants. Included in the net loss for 2Q08 are a non-cash charge of $49.7 million for trademark impairment, net of tax, and $3.3 million for store impairment charges, offset by $2.5 million in gain from derivative liabilities.
- Diluted loss per share for 2Q09 of $(0.10) compared to a diluted loss per share for 2Q08 of $(1.69).
- Company-owned comparable store sales for 2Q09 decreased 13.7%(1) ,which contributed to the decrease in store-level EBITDA.
Read more;
http://ir.jambajuice.com/releasedetail.cfm?ReleaseID=404310
- Consolidated EBITDA increased $0.3 million to $10.3 million from $10.0 million for 2Q08.*
- Store-level EBITDA decreased 6.9% to $18.5 million from $19.9 million for 2Q08.*
- Total revenue for 2Q09 decreased 15.1% to $83.2 million from $98.0 million for 2Q08.
- Net loss for 2Q09 of $(5.1) million showed significant improvement when compared to a net loss for 2Q08 of $(89.2) million. Included in the net loss for 2Q09 are a non-cash store impairment charge of $7.5 million, a write-off of $2.9 million for loan fees and discounts relating to the payoff of our senior term note, offset by a gain from derivative liabilities of $1.4 million associated with senior note holder's exercise of its' put option and the June expiration of the Company's warrants. Included in the net loss for 2Q08 are a non-cash charge of $49.7 million for trademark impairment, net of tax, and $3.3 million for store impairment charges, offset by $2.5 million in gain from derivative liabilities.
- Diluted loss per share for 2Q09 of $(0.10) compared to a diluted loss per share for 2Q08 of $(1.69).
- Company-owned comparable store sales for 2Q09 decreased 13.7%(1) ,which contributed to the decrease in store-level EBITDA.
Read more;
http://ir.jambajuice.com/releasedetail.cfm?ReleaseID=404310
Thursday, July 2, 2009
Jamba, Inc. Announces Multi-Unit Restaurant Sale as Part of Broader Refranchising Strategy
EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba, Inc. (Nasdaq: JMBA) announced today the sale of nine restaurants as part of its ongoing strategic refranchising program that was announced May 28, 2009. The overall refranchising initiative is expected to involve about 150 Company-owned restaurant locations primarily outside of California.
The Company completed the sale of nine restaurants in Oregon to The Cinnamon Bums, Inc. (“TCBI”), an existing Jamba Juice franchisee currently operating nine other Jamba Juice restaurants in the Northwest region. With the purchase of these additional restaurant outlets in Oregon, TCBI principals, John Whittaker and Steve Foltz, now own 18 Jamba Juice restaurant locations and have committed to building three new Jamba Juice restaurants in the Oregon market.
Read more:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090701006130&newsLang=en
The Company completed the sale of nine restaurants in Oregon to The Cinnamon Bums, Inc. (“TCBI”), an existing Jamba Juice franchisee currently operating nine other Jamba Juice restaurants in the Northwest region. With the purchase of these additional restaurant outlets in Oregon, TCBI principals, John Whittaker and Steve Foltz, now own 18 Jamba Juice restaurant locations and have committed to building three new Jamba Juice restaurants in the Oregon market.
Read more:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090701006130&newsLang=en
