Seeking Alpha

Jamba -5.8% AH on weak outlook for same-store sales growth

  • 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.
Comments (2)
  • AdamDivy
    , contributor
    Comments (411) | Send Message
     
    Wow, a low of $12.14 AH. Possible good buying opportunity tomorrow.
    7 Oct 2013, 05:29 PM Reply Like
  • bigdaver
    , contributor
    Comments (4) | Send Message
     
    Crazy good--- its down that low on 10,000 shares...
    8 Oct 2013, 04:15 AM Reply Like
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