Jamba, Inc. (NASDAQ:JMBA) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 2.94%.
Jamba, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 44% to $0.36 in the quarter versus EPS of $0.25 in the year-earlier quarter.
Revenue: Rose 1.91% to $67.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Jamba, Inc. reported adjusted EPS income of $0.36 per share. By that measure, the company missed the mean analyst estimate of $0.37. It missed the average revenue estimate of $70.41 million.
Quoting Management: “Despite the challenging consumer and competitive environment, Jamba had strong quarterly achievements and also set the stage for future performance gains and earnings growth. Our record of more than two years of quarterly system comparable store sales growth continued with an increase that outpaced many of our peers. Total revenue and net earnings both advanced, with EPS for the quarter increasing 33%. By increasing our marketing investment and highlighting value promotions, we continue to grow our base of light and lapsed users,” said James D. White, Chairman, President and CEO of Jamba.
Key Stats (on next page)…