- Jamba (NASDAQ:JMBA) reports a system-wide 2% drop in comparable store sales in Q1. The number of company-operated stores was down to 68 at the end of the quarter due to the broad refranchising initiative.
- The company plans to relocate its HQ to Frisco, Texas later this year to help it focus on core strategies. One of those strategies is to position Jamba as a youthful and contemporary brand.
- Previously: Jamba misses by $0.04, beats on revenue (May 5)