- Jamba (JMBA) -5.8% AH after saying it sees FY 2013 system-wide same store sales flat to +1%, and store-level margins are seen at 16%-17%, with operating margin of 1%-2%; the company cites weak consumer spending, adverse weather in key markets and increased competition.
- Q3 system-wide comparable store sales are expected to drop 3.4%.
- Says JambaGo express smoothie units are opening in ~1,000 food courts across the U.S., bringing total units to more than 1,800.
Jamba -5.8% AH on weak outlook for same-store sales growth
Oct 7 2013, 17:26 ET