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News Breaks
March 5, 2013
16:03 EDTJMBAJamba enters master franchise development agreement for Mexico
Jamba Juice announced that the company has entered into a master franchise development agreement with Casa Operadora de Franquicias MAV S.A.P.I de C.V to develop 80 Jamba Juice stores in Mexico over the next ten years. The first Jamba Juice store in Mexico is expected to open in late 2013, the company said.
News For JMBA From The Last 14 Days
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December 11, 2014
14:07 EDTJMBAEngaged Capital raises stake in Jamba to 8.2% from 7.0%
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December 8, 2014
08:36 EDTJMBAJamba engages Peak Franchise to lead refranchising efforts
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08:34 EDTJMBAJamba 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.
December 4, 2014
08:49 EDTJMBAJamba says continues movement to asset light model
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08:48 EDTJMBAJamba 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.

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