Jamba down 3% on lower comp sales and 10K filing delay

|By:, SA News Editor

Jamba (NASDAQ:JMBA) announced delay in completing the Company’s 10K.

Q4 Comparable-store sales declined 2.5%.

The company expects total revenue for FY'16 to meet or exceed $78M and Non-GAAP adjusted EBITDA to meet or exceed $10.5M.

“During the year we exited a number of non-core businesses and focused on energizing the brand while also driving sales and profitability. I expect these efforts to drive continued results and look forward to a successful 2017 and beyond," said Dave Pace, President and CEO.

FY2017 Guidance: Total revenue: $75M -77M; Annual system-wide comparable sales: flat, to slightly positive; Non-GAAP Adjusted G&A expense: ~$21M; Non-GAAP Adjusted EBITDA: $13M-15M.http://cts.businesswire.com/ct/CT?id=bwnews&sty=20170320005431r1&sid=acqr7&distro=nx&lang=en

JMBA -3.03% premarket.