Jamba announces franchise development agreement with ShowMe Smoothie Jamba announced that the company has entered into an exclusive franchise development agreement with ShowMe Smoothie to develop 15 Jamba Juice stores within Missouri and Kansas over the next nine years.
Jamba adopts rule 10b5-1 plan in conjunction with share repurchase program Jamba announced that it adopted a Rule 10b5-1 share repurchase plan under the Securities Exchange Act of 1934 in connection with its $25M share repurchase authorization approved by the company’s board of directors and previously announced on November 4.
Jamba reports SSS up mid-single digit percentage range in first 8 weeks of Q4 Jamba reported that same store sales have shown increases in the mid-single digit percentage point range through the first eight weeks of Q4. This strong sales momentum reflects increasing consumer adoption of the company’s juice and whole food blending platform as well as its recently launched line of cold pressed ready-to-drink juices. The company continues to expect that its shift to more health and wellness items will drive greater traffic and increased sales results. As of December 1, Jamba has repurchased 477,356 shares of its common stock for a total of $6M under its previously announced stock repurchase program. The company continues to believe the repurchase program is a prudent use of its capital. The company also intends to institute a 10b5-1 share repurchase plan to facilitate further repurchases of its common stock under its previously announced plan.