Jamba, Inc. (JMBA)

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FRISCO, Texas--(BUSINESS WIRE)--Jamba, Inc.(NASDAQ:JMBA) today announced it will file its Form 10-Q for the first, second, and third quarters of fiscal 2017 on March 15, 2018. The Company will host a conference call and webcast on Friday, March 16, 2018 at 8:30 a.m. Eastern Time to discuss the reported results and financial guidance for fiscal 2017 and 2018. Hosting the conference call will be Dave Pace, Chief Executive Officer and Marie Perry, Executive Vice President and Chief Financial Officer. A press release will be issued after the market closes on Thursday, March 15, 2018. The call will be webcast live from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. The conference call can also be accessed live over the phone by dialing (877) 407-3982. A replay will be available at 11:30 a.m. Eastern Time and can be accessed by dialing (844) 512-2921; the pin number is 13677475. The replay will be available until Friday, April 6, 2018. About Jamba, Inc. Jamba, Inc. (Nasdaq: JMBA) through its wholly-owned subsidiary, Jamba Juice Company, is a global healthy lifestyle brand that inspires and simplifies healthful living through freshly blended whole fruit and vegetable smoothies, bowls, juices, cold-pressed shots, boosts, snacks, and meal replacements. Jamba’s blends are made with premium ingredients free of artificial flavors and preservatives so guests can feel their best and blend the most into life. Jamba Juice® has more than 800 franchised and company-owned locations worldwide, as of January 2, 2018. For more information, visit jambajuice.com. Forward-Looking Statements This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company’s management. Words such as “believes”, “expects”, “appears”, “may”, “will”, “should”, “anticipates”, or the negative thereof or comparable terminology, are intended to identify such forward-looking statements. Any statement that is not a historical fact, including estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to factors discussed under the section entitled “Risk Factors” in the Company’s reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond the Company’s control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release.

FRISCO, Texas--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA) today announced that it plans to host a conference call and webcast on Monday, March 20, 2017 at 8:30 a.m. ET to review fourth quarter and full year 2016 performance and discuss the 2017 Outlook. Participating on the call will be David Pace, Chief Executive Officer and Marie Perry, Executive Vice President and Chief Financial and Administrative Officer. A press release has been scheduled to be issued at approximately 7:00 a.m. ET on Monday, March 20, 2017. The call will be webcast live from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. The conference call can also be accessed live over the phone by dialing (877) 407-3982 or for international callers by dialing (201) 493-6780. A replay will be available at 11:30 a.m. ET and can be accessed by dialing (844) 512-2921 or (412) 317-6671 for international callers; the pin number is 13655279. The replay will be available until Monday, April 10, 2017. About Jamba, Inc. Jamba, Inc. (NASDAQ: JMBA) through its wholly-owned subsidiary, Jamba Juice Company, is a healthful, active lifestyle brand with a robust global business driven by a portfolio of franchised and company-owned Jamba Juice ® stores and Jamba Juice ExpressTM formats. Jamba Juice ® is a leading restaurant retailer of “better-for-you” specialty beverage and food offerings which include flavorful, whole fruit and vegetable smoothies, fresh squeezed juices and juice blends, Energy Bowls™, signature “boosts”, shots and a variety of food items including: hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, baked goods and snacks. There are over 900 Jamba Juice store locations globally, as of January 3, 2017. For more information visit www.jambajuice.com or contact Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848). Forward-Looking Statements This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company’s management. Words such as “outlook”, “believes”, “expects”, “appears”, “may”, “will”, “should”, “anticipates”, or the negative thereof or comparable terminology, are intended to identify such forward-looking statements. Any statement that is not a historical fact, including estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to factors discussed under the section entitled “Risk Factors” in the Company’s reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond the Company’s control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release.

FRISCO, Texas--(BUSINESS WIRE)--Jamba Juice Company (NASDAQ:JMBA) today announced that it will host a conference call and webcast on Friday, November 4, 2016 at 8:30 a.m. ET to review third quarter 2016 financial results. Participating on the call will be David Pace, Chief Executive Officer and Marie Perry, Executive Vice President and Chief Financial and Administrative Officer. A press release with third quarter 2016 financial results will be issued at approximately 7:00 a.m. ET on Friday, November 4, 2016. The conference call can be accessed live over the phone by dialing (877) 407-3982 or for international callers by dialing (201) 493-6780. A replay will be available at 11:30 a.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 13646201. The replay will be available until Friday, November 25, 2016. The call will be webcast live from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba Juice Company Jamba, Inc., owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh-squeezed juices and juice blends, and a variety of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, Energy Bowls™, baked goods and snacks. As of June 28, 2016, there were 885 store locations globally. There were 68 Company-owned and operated stores and 751 Franchise-operated stores in the United States, and 66 Franchise-operated international stores. Jamba Juice Company expanded the Jamba® brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba® outlets in the United States. Fans of Jamba Juice® can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.jambajuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848).

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba Juice Company (NASDAQ:JMBA) today announced that it will host a conference call and webcast on Thursday, August 4, 2016 at 5:00 p.m. ET to review second quarter 2016 financial results. Participating on the call will be David Pace, chief executive officer, Karen Luey, executive vice president and chief financial and administrative officer and Marie Perry interim chief financial officer. A press release with second quarter 2016 financial results will be issued shortly after the market closes on Thursday, August 4, 2016. The conference call can be accessed live over the phone by dialing (877) 407-3982 or for international callers by dialing (201) 493-6780. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 13640661. The replay will be available until Thursday, August 25, 2016. The call will be webcast live from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba Juice Company Jamba, Inc., owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh-squeezed juices and juice blends, and a variety of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, Energy Bowls™, baked goods and snacks. As of March 29, 2016, there were 885 store locations globally. There were 68 Company-owned and operated stores and 752 Franchise-operated stores in the United States, and 65 Franchise-operated international stores. Jamba Juice Company expanded the Jamba® brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba® outlets in the United States. Fans of Jamba Juice® can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.jambajuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848).

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba Juice Company (NASDAQ:JMBA) today announced that it will host a conference call and webcast on Thursday, May 5, 2016 at 8:30 a.m. ET to review first quarter 2016 financial results. Participating on the call will be David Pace, chief executive officer and Karen Luey, executive vice president and chief financial and administrative officer. A press release with first quarter 2016 financial results will be issued at approximately 7:00 a.m. ET on Thursday, May 5, 2016. The conference call can be accessed live over the phone by dialing (855) 327-6837 or for international callers by dialing (631) 891-4304. A replay will be available at 11:30 a.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 10001104. The replay will be available until Thursday, May 26, 2016. The call will be webcast live from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba Juice Company Jamba, Inc., owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh-squeezed juices and juice blends, and a variety of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, Energy Bowls™, baked goods and snacks. As of December 29, 2015, there were 893 store locations globally. There were 70 company-owned and operated stores and 748 franchise-operated stores in the United States, and 75 franchise-operated international stores. Jamba Juice Company expanded the Jamba® brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba® outlets in the United States. Fans of Jamba Juice® can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.jambajuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848).

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA) today announced that it will host a conference call and webcast on Monday, March 14, 2016 at 5:00 p.m. ET to review fourth quarter and full year 2015 financial results. Participating on the call will be Richard L. (Rick) Federico, Chairman, David Pace, chief executive officer and Karen Luey, executive vice president and chief financial and administrative officer. A press release with fourth quarter and full year 2015 financial results will be issued shortly after the market closes on Monday, March 14, 2016. The conference call can be accessed live over the phone by dialing (877) 407-3982 or for international callers by dialing (201) 493-6780. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 13630254. The replay will be available until Monday, April 4, 2016. The call will be webcast live from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba, Inc. Jamba, Inc., owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh-squeezed juices and juice blends, hot teas and a variety of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, Energy Bowls™, baked goods and snacks. As of September 29, 2015, there were 884 store locations globally. There were 94 Company-owned and operated stores and 720 franchise-operated stores in the United States, and 70 franchise-operated international stores. Jamba Juice Company expanded the Jamba® brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba® outlets in the United States. Fans of Jamba Juice® can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.jambajuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848).

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA) today reported unaudited financial results for the third fiscal quarter ended September 29, 2015. Highlights include strong sales gains across the country with a system-wide increase in comparable store sales of 5.6%. Additionally, Jamba completed three refranchising deals during the quarter for 111 store locations and one additional refranchising deal subsequent to the end of the quarter, which have continued Jamba’s transformation to an asset-light model. As of today, 91% of Jamba locations are operated by our franchisee partners. Company-owned comparable store sales increased 6.6% driven by a sequential improvement in average ticket due to reduction of promotional discounting. “Our quarterly results showed strong progress on all our priorities. With the completion of four more refranchising deals, we have virtually finalized our transformation to an asset-light model. Strong sales momentum resumed across the country with very solid gains in our core California market plus double digit increases in our less developed Chicago and New York markets.” said James D. White, chairman, president and CEO of Jamba, Inc. "Our sales growth was matched by our operational improvements with gains in our speed of service, lower COGS, and full implementation of our made-to-order juice and energy bowl optimization initiatives. Our new product initiative was highlighted with the extension of our organic, GMO-free line of cold pressed, ready-to-drink premium juices to 527 stores system-wide and the introduction of our limited time Almond Milk Smoothies." "During the quarter, I also announced my plan to retire from Jamba, but I will remain with Jamba until the Board and its executive recruiter secure a new CEO. With Jamba successfully transformed to our new asset- light model, it’s the right time for the Board to transfer leadership," Mr. White said. Third Quarter Financial Highlights Company-owned comparable store sales increased 6.6% for the quarter. System-wide comparable sales(1) increased 5.6% and Franchise comparable store sales(1) increased 5.3% for the quarter. Net income attributable to Jamba, Inc. was $13.1 million for the 13-week period ended September 29, 2015 compared to a net loss of $1.7 million for the 13-week period ended September 30, 2014. Total revenue for the quarter decreased 39.1% to $35.5 million from $58.3 million for the prior year, primarily due to the reduction in the number of Company stores as part of our refranchising initiative, partially offset by the 5.6% increase in System-wide comparable store sales and net new global Franchise locations. The number of Company-owned stores at the end of the third quarter of 2015 was 94, compared to 272 at the end of the third quarter of 2014. Income from operations was $13.3 million and operating margin was 37.5% for the quarter. General and administrative expenses for the 13-week period ended September 29, 2015 decreased 5.1% to $9.0 million compared with $9.5 million for the prior year period. Non-GAAP Adjusted General and administrative expenses,(2) for the 13-week period decreased 11.7% to $7.3 million. Shares repurchased during 13-week period ended September 29, 2015 were 1,174,882, utilizing $16.3 million under the current $45 million Stock Repurchase Program. Cumulatively, from inception through the end of the third quarter, 2,726,280 shares were repurchased for $38.1 million under this program. Jamba closed three refranchising transactions during the 13-week period ended September 29, 2015 for proceeds of approximately $36.1 million and one refranchise deal closed subsequent to the end of the quarter for $3.3 million. Franchisees opened 23 new Jamba Juice stores globally. At September 29, 2015, there were 884 stores globally consisting of 94 Company Stores, 720 Franchise Stores and 70 International Stores. Non-GAAP Adjusted Net Income(2) adjusted for costs associated with the shift to the asset-light business model and the gain associated with refranchising was $1.6 million for the third quarter, or $0.10 diluted earnings per share compared to Non-GAAP Adjusted Net Income(2) of $0.5 million, or $0.03 diluted earnings per share for the prior year period. Generated Non-GAAP adjusted EBITDA of $4.0 million(3). G&A Optimization Continues Jamba expects $30 million of Non-GAAP Adjusted G&A expense(2) in 2015 down from $33.7 million of G&A in 2014. Jamba expects to further reduce G&A expense to $25-$26 million in 2016, which is expected to be 4% of system-wide sales for the core store operations. Jamba’s long-term goal is G&A of 3% or less of system-wide sales for the core store operations. Refranchising Continues During the third quarter, three refranchising transactions closed totaling 110 company-owned stores and one unopened company owned store. Jamba closed one additional refranchising transaction for 16 company-owned stores during the fourth quarter of this fiscal year. On a global basis, the company expects to have approximately 865-875 franchise-owned and operated stores and 50-60 company-owned stores by end of fiscal 2015. Jamba continues to project total proceeds of approximately $60 million from refranchising transactions. Capital Allocation Update The Company’s board of directors authorized a $25 million share repurchase program in October 2014, with increases to $40 million in May 2015 and to $45 million in August 2015. During the quarter, the Company repurchased 1,174,882 shares of common stock on the open market at an average price of $13.87 per share. Cumulatively through the end of the third quarter, 2,726,280 shares have been repurchased under this plan for a total cost of $38.1 million, reducing share count by approximately 15.2% since inception of plan. There is $6.9 million of capacity left under the current repurchase authorization. Third Quarter Fiscal 2015 Results Revenue For the 13 weeks ended September 29, 2015, total revenue decreased 39.1% to $35.5 million from $58.3 million in the prior year period. The decrease is primarily due to the reduction in the number of company-owned stores pursuant to the company’s refranchising strategy, partially offset by increases in system-wide comparable store sales of 5.6%(1). The increase in company-owned comparable store sales(1) of 6.6% consists of an increase in average check of 740 basis points offset by a decrease in transaction count of 80 basis points. Jamba continues to reduce the amount of promotional activity compared to the prior year which resulted in almost all of the traffic decrease. Franchise and other revenue increased 48.4% to $7.3 million from $4.9 million in the prior year period, primarily due to increased royalties resulting from the increase in franchise operated stores and the increase in franchise-operated comparable store sales(1) of 5.3% during the 13-week period ended September 29, 2015. Other revenue, which includes JambaGO® and CPG, was $1.8 million and $1.4 million in the 13-week periods ended September 29, 2015 and September 30, 2014, respectively. The increase revenue was primarily due to new JambaGO® customers from the K-12 and university channels along with higher royalty revenue from the Company’s international business. Income from Operations and Operating Margin Jamba’s operating margin was 37.5% for the third quarter of 2015 compared to (3.1)% for the quarter ended September 30, 2014. Income from Operations was $13.3 million for the third quarter of 2015 compared to a loss from operations of $1.8 million in 2014. Included in the results are gains on disposal of assets of $16.1 million. On a non-GAAP basis, Adjusted Income from Operations(2) which excludes costs associated with the shift to the asset-light business model and the gain associated with refranchising was approximately $1.8 million or 5.1% of revenue, compared to $0.7 million, or 1.1% of revenue, from the prior year. During the quarter, cost optimization initiatives were implemented to reduce supply chain costs, which improved cost of sales by 250 basis points as compared to the beginning of 2015. Retail Growth As of September 29, 2015, there were 884 Jamba® stores system-wide in the United States, of which 790 are franchise-operated stores, and 94 are Company-owned. Franchise-operated stores include 42 express formats. During the quarter, Jamba opened 17 new domestic franchise-operated stores and six international store locations. No new Company-owned stores opened during the quarter. During the quarter, eight stores were closed globally. As of September 29, 2015 there were 70 international store locations, all of which are franchise-operated. Growth continues at JambaGO® with units in operation exceeding 2,000. Liquidity On September 30, 2015, the Company held $25.2 million in cash and cash equivalents as compared to $17.8 million cash and cash equivalents at December 30, 2014. As of September 29, 2015 and September 30, 2014, the Company did not have any restricted cash. During the quarter, the Company repurchased 1,174,882 shares of common stock on the open market at an average price of $13.87 per share. The Company expects to achieve the following results: Avg. Unit Volume (traditional/domestic) 3% or less of system-wide sales for core store business * Excludes the impact of non-cash stock based compensation A conference call to review the third quarter 2015 results will be held today, November 9, 2015 at 5:00 p.m. ET. The conference call can be accessed live over the phone by dialing (877) 407-3982 or for international callers by dialing (201) 493-6780. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 13621531. The replay will be available until November 30, 2015. The call can be accessed from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba, Inc. Jamba, Inc., owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh-squeezed juices and juice blends, hot teas and a variety of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, Energy Bowls™, baked goods and snacks. As of September 29, 2015, there were 884 store locations globally. There were 94 Company-owned and operated stores and 720 franchise-operated stores in the United States, and 70 franchise-operated international stores. Jamba Juice Company expanded the Jamba® brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba® outlets in the United States. Fans of Jamba Juice® can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.jambajuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848). Forward-Looking Statements This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company’s management. Words such as “outlook”, “believes”, “expects”, “appears”, “may”, “will”, “should”, “anticipates”, or the negative thereof or comparable terminology, are intended to identify such forward-looking statements. Any statement that is not a historical fact, including the statements made under the caption “Summary Guidance Table” and any other estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to factors discussed under the section entitled “Risk Factors” in the Company’s reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond the Company’s control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release. Non-GAAP Financial Measures The Company provides certain supplemental non-GAAP financial measures to its investors as a complement to the most comparable GAAP measures. The Company believes that providing these non-GAAP measures to its investors, in addition to corresponding GAAP income statement measures, provides investors the benefit of viewing the Company's performance using the same financial metrics that the management team uses in making many key decisions and understanding how the Company's core business operations may perform and may look in the future. The non-GAAP financial measures are discussed further in Footnotes below. Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States of America. Non-GAAP measures should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. Footnotes (1) Comparable store sales are calculated using sales of Jamba Juice® stores open more than one full year. Company-owned comparable store sales percentages are based on sales from Company-owned stores included in our store base. Franchise-operated comparable store sales percentages are based on sales from franchised stores, as reported by franchisees, which are included in our store base. System-wide sales percentages are based on sales by both Company-owned and franchise-operated stores, as reported by our franchisees, which are included in our store base. Company-owned stores that were sold in refranchising transactions are included in the Company-owned store base for each accounting period of the fiscal year to the extent the sale is consummated at least three days prior to the end of such accounting period, but only for the days such stores have been Company-owned. Thereafter, such stores are excluded from the store base until such stores have been franchise-operated for at least one full fiscal period, at which point such stores are included in the franchise-operated store base and compared to sales in the comparable period of the prior year. Comparable store sales exclude closed locations. Company-owned comparable store sales percentages as used herein, may not be equivalent to Company-owned comparable store sales as defined or used by other companies. Franchise-operated comparable store sales percentages and system-wide sales percentages as used herein are non-GAAP financial measures and should not be considered in isolation or as substitute for other measures of performance prepared in accordance with generally accepted accounting principles in the United States. Management reviews the increase or decrease in Company-owned comparable store sales, franchise-operated comparable store sales and system-wide sales compared with the same period in the prior year to assess business trends and make certain business decisions. The Company believes the data is useful in assessing the overall performance of the Jamba® brand and, ultimately, the performance of the Company, the Company-owned stores, and franchise-operated stores. (2) Non-GAAP Adjusted Net Income attributable to Jamba, Inc. is calculated as net income attributable to Jamba, Inc. as determined in accordance with GAAP excluding the cost items as specifically identified in the non-GAAP reconciliation schedules set forth below associated with the Company’s legal and other transition costs related to the Company’s move to outsource specified services to Capgemini, costs associated with the move to an asset-light business model and the gain associated with refranchising. Non-GAAP Adjusted General and Administration Expense is calculated as general and administration expense in accordance with GAAP excluding $3.0 million of the portion of such transitional costs in general and administration expenses. The Company believes that net income attributable to Jamba, Inc. and general and administration expense adjusted to exclude the costs of such items is a helpful indicator of the Company's operating performance in that it shows the net gain/loss without the impact of what the Company believes to be upfront transitional costs. Management does not believe such costs are reflective of the Company's ongoing performance and accordingly excludes those items from non-GAAP adjusted net income/loss attributable to Jamba, Inc. and general and administration expense. Adjusted Income from Operations is calculated as income from operations as determined in accordance with GAAP excluding costs associated with the shift to the asset-light business model and the gain associated with refranchising. (3) The Company used the non-GAAP financial measure of Adjusted EBITDA and Adjusted Free Cash Flow in its statements made in this release and believes that these are useful in measuring the operating performance of the company. Adjusted EBITDA is equal to net income, adjusted for: (a) the Company’s legal and transition costs related to the Company’s move to outsource specified services to Capgemini and the move to an asset-light business model; (b) gain from disposal of assets relating to refranchising; (c) depreciation and amortization; (d) interest income; (e) interest expense; (f) income taxes; and (g) stock based compensation expense. Adjusted Free Cash Flow is equal to net cash provided by operating activities, adjusted for: (a) the Company’s legal and transition costs related to the Company’s move to outsource specified services to Capgemini and the move to an asset-light business model; and (b) capital expenditures. Weighted-average shares used in computation of earnings per share: Earnings per share attributable to Jamba, Inc. common stockholders Earnings per share attributable to Jamba, Inc. common shareholders: (1) Includes gain on disposal of assets relating to refranchising (2) Includes transitional costs

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA) today reported unaudited financial results for the second fiscal quarter ended June 30, 2015. The Company advanced its priority to transform Jamba to an asset-light model, moving forward with domestic refranchising agreements and signing master partnership franchise agreements for two new international markets. During the quarter, Jamba’s smoothies, juices and energy bowls held their strong market share positions although less promotional activity compared to the prior year and unusually cool weather in California during May reduced comparable store sales(1) for the quarter. “We have now closed deals to refranchise 150 stores, which is well above our initial goal of 114 stores. We plan to refranchise an additional 76 company-owned stores in three California markets this year and in the Chicago/Midwest market by the end of the first quarter next year. By the end of 2015, we expect to be a 90% plus franchise organization” said James D. White, chairman, president and chief executive officer of Jamba, Inc. “This transition period lays the groundwork for Jamba’s focus on increasing shareholder value through profitable growth for our expanding franchisee network, ongoing reduction of our cost structure to a best-in-sector level and innovative product development to accelerate the growth of our on-trend juices, smoothies and energy bowls while we continue with our robust share-repurchase program,” said Mr. White. ”Jamba made excellent progress during the quarter in its cost reduction efforts, which lowered G&A to $7.8 million on a non-GAAP basis(2) for the quarter as compared to $9.6 million in the second quarter of 2014. Same store sales for the quarter were hurt by weather conditions during May in California, where Jamba has a concentration of stores. Strong sales in April and June could not offset the impact of the severe shortfall in May, but positive sales trends have resumed with third quarter-to-date same store sales up 6.0% in company-owned units and 3.8 % system-wide,” Mr. White concluded. Second Quarter Highlights Company-owned comparable store sales(1) decreased 5.9% in the second quarter compared to the prior year period due primarily to decreased transactions resulting from less discounting and poor weather compared to the prior year period. System-wide comparable store sales(1) decreased 3.9% and franchise-operated comparable store sales(1) decreased 2.6% for the second quarter of 2015 compared to the prior year period. Opened 16 stores, which included ten domestic and six international. Total net openings were eight. Net income attributable to Jamba, Inc. was $6.3 million, or $0.38 diluted earnings per share for the second quarter of 2015, which includes a gain of $4.5 million related to the refranchising initiative, compared to a net income attributable to Jamba, Inc. of $6.3 million or $0.36 diluted earnings per share for the prior year period, which included a gain on disposal of assets of $1.0 million. Non-GAAP Adjusted Net Income attributable to Jamba, Inc.(2) adjusted for costs associated with the shift to the asset-light business model and the gain associated with refranchising was $3.1 million for the second quarter, or $0.19 diluted earnings per share compared to non-GAAP Adjusted Net Income attributable to Jamba, Inc.(2) of $4.8 million, or $0.27 diluted earnings per share for the prior year period. Total revenue for the second quarter of 2015 was $54.1 million compared to total revenue of $64.2 million for the prior year period, primarily as a result of the reduced store count and reduced comparable store sales. Generated non-GAAP Adjusted EBITDA(3) of $6.1 million for the second quarter The Company repurchased 195,171 shares during the quarter for $3.1 million. G&A Optimization Continues Jamba expects $30 million of G&A expense (adjusted for transition costs) in 2015 down from $33.7 million (adjusted for transition costs) of G&A in 2014. Jamba expects to further reduce G&A expense to $25-26 million in 2016, which is expected to be 4.0% of system-wide sales for the core store operations. Jamba’s long-term goal is G&A of 3% or less of system-wide sales for the core store operations. Refranchising Continues with Cash Proceeds Expected in Q3 Plans were accelerated to move to a greater than 90% franchise system by the end of fiscal 2015. Subsequent to the second quarter, two refranchising transactions closed totaling 97 company-owned stores and Jamba expects to close two to three additional transactions during the remainder of this fiscal year. On a global basis, the company expects to have approximately 885-900 franchise-owned and operated stores and 50-60 company-owned stores by end of fiscal 2015. Jamba projects total proceeds of $60-70 million from refranchising transactions in 2015, with the majority of the proceeds to be received in Q3. Capital Allocation Update The Company’s board of directors authorized a $25 million share repurchase program in October 2014 and increased the authorization to $40 million in May 2015. During the quarter, the Company repurchased 195,171 shares of common stock on the open market at an average price of $16.09 per share for a total of $3.1 million. Cumulatively through the end of the second quarter, 1,551,398 shares have been repurchased under this plan for a total cost of $21.8 million, reducing share count by approximately 8.8% since inception of plan. There is $18.2 million of capacity left under the current repurchase authorization Second Quarter Fiscal 2015 Results Revenue For the 13 weeks ended June 30, 2015, total revenue decreased 15.7% to $54.1 million from $64.2 million in the prior year period. The decrease is primarily due to the reduction in the number of company-owned stores pursuant to the company’s refranchising strategy and additionally due to the 5.9% decrease in company-owned comparable store sales(1). The decrease in company-owned comparable store sales(1) of 5.9% consists of a decrease in transaction count of 1,150 basis points, of which approximately 500 basis points was due to the strategic decision to reduce the amount of promotional activity during the period and approximately 300 basis points was due to the cool weather this year compared to the prior year, partially offset by an increase in average check of 560 basis points. Franchise and other revenue increased 3.6% to $5.8 million from $5.6 million in the prior year period, primarily due to increased royalties resulting from the increase in franchise-operated stores partially offset by a decline in franchise-operated comparable store sales(1) of 2.6% during the 13 week period ended June 30, 2015. Other revenue, which includes JambaGO® and CPG was $1.2 million and $1.5 million in the 13 week periods ended June 30, 2015 and July 1, 2014, respectively. The decrease was due to timing of the new SKU rollout for JambaGO® and to the discontinuation of two CPG product lines. Income from Operations and Operating Margin Jamba’s operating margin was 11.9% for the second quarter of 2015 compared to 10.3% for the quarter ended July 1, 2014. Income from Operations was $6.5 million for the second quarter of 2015 compared to $6.6 million in 2014. Included in the results are gains on disposal of assets of $4.5 million and $1.0 million for the second quarter of 2015 and 2014, respectively. On a non-GAAP basis, Adjusted Income from Operations(2) adjusted for costs associated with the shift to the asset-light business model and the gain relating to refranchising was approximately $3.3 million or 6.1% of revenue, compared to $5.1 million, or 8.0% of revenue, from the prior year. During the quarter, cost optimization initiatives were implemented to reduce supply chain costs, which improved cost of sales by 230 basis points as compared to the first quarter. Retail Growth As of June 30, 2015, there were 807 Jamba® stores system-wide in the United States, of which 601 are franchise-operated stores, and 206 are Company-owned. Franchise-operated stores include 40 Smoothie Stations™, Jamba’s limited menu express format. During the quarter, Jamba opened 10 new domestic franchise-operated stores and six international store locations, two in the Middle East, two in South Korea, and one each in Mexico and the Philippines. No new Company-owned stores opened during the quarter. During the quarter, eight stores were closed globally. As of June 30, 2015 there were 68 international store locations, all of which are franchise-operated. Growth continues at JambaGO® with units in operation exceeding 2,000. Liquidity On June 30, 2015, the Company held $13.9 million in cash and cash equivalents as compared to $17.8 million cash and cash equivalents at December 30, 2014. As of June 30, 2015 and July 1, 2014, the Company did not have any restricted cash. During the quarter, the Company repurchased 195,171 shares of common stock on the open market at an average price of $16.09 per share. Subsequent to June 30, 2015, the Company closed two refranchising transactions for proceeds of approximately $31.6 million. Summary Guidance Table The Company expects to achieve the following results: 3% or less of system-wide sales for core store operations Webcast and Conference Call Information A conference call to review the second quarter 2015 results will be held today, August 6, 2015 at 5:00 p.m. ET. The conference call can be accessed live over the phone by dialing (877) 407-3982 or for international callers by dialing (201) 493-6780. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 13613888. The replay will be available until August 27, 2015. The call can be accessed from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba, Inc. Jamba, Inc., owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh-squeezed juices and juice blends, hot teas and a variety of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, Energy Bowls™, baked goods and snacks. As of June 30, 2015, there were 875 store locations globally. There were 206 Company-owned and operated stores and 601 franchise-operated stores in the United States, and 68 franchise-operated international stores. Jamba Juice Company expanded the Jamba® brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba® outlets in the United States. Fans of Jamba Juice® can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.jambajuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848). Forward-Looking Statements This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company’s management. Words such as “outlook”, “believes”, “expects”, “appears”, “may”, “will”, “should”, “anticipates”, or the negative thereof or comparable terminology, are intended to identify such forward-looking statements. Any statement that is not a historical fact, including the statements and estimates made under the caption “Summary Guidance Table” and any other estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to factors discussed under the section entitled “Risk Factors” in the Company’s reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond the Company’s control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release. Non-GAAP Financial Measures The Company provides certain supplemental non-GAAP financial measures to its investors as a complement to the most comparable GAAP measures. The Company believes that providing these non-GAAP measures to its investors, in addition to corresponding GAAP income statement measures, provides investors the benefit of viewing the Company's performance using the same financial metrics that the management team uses in making many key decisions and understanding how the Company's core business operations may perform and may look in the future. The non-GAAP financial measures are discussed further in Footnotes below. Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States of America. Non-GAAP measures should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. Footnotes (1) Comparable store sales are calculated using sales of Jamba Juice® stores open more than one full year. Company-owned comparable store sales percentages are based on sales from Company-owned stores included in our store base. Franchise-operated comparable store sales percentages are based on sales from franchised stores, as reported by franchisees, which are included in our store base. System-wide sales percentages are based on sales by both Company-owned and franchise-operated stores, as reported by our franchisees, which are included in our store base. Company-owned stores that were sold in refranchising transactions are included in the Company-owned store base for each accounting period of the fiscal year only for the days such stores have been Company-owned. Thereafter, such stores are excluded from the Company-owned store base at which point such stores are included in the franchise-operated store base and compared to sales in the comparable period of the prior year. Comparable store sales exclude closed locations. Company-owned comparable store sales percentages as used herein, may not be equivalent to Company-owned comparable store sales as defined or used by other companies. Franchise-operated comparable store sales percentages and system-wide sales percentages as used herein are non-GAAP financial measures and should not be considered in isolation or as substitute for other measures of performance prepared in accordance with generally accepted accounting principles in the United States. Management reviews the increase or decrease in Company-owned comparable store sales, franchise-operated comparable store sales and system-wide sales compared with the same period in the prior year to assess business trends and make certain business decisions. The Company believes the data is useful in assessing the overall performance of the Jamba® brand and, ultimately, the performance of the Company, the Company-owned stores, and franchise-operated stores. (2) Non-GAAP Adjusted Net Income attributable to Jamba, Inc. and Non-GAAP Adjusted Income from Operations are calculated as net income attributable to Jamba, Inc. and net income from operations as determined in accordance with GAAP excluding the cost items as specifically identified in the non-GAAP reconciliation schedules set forth below associated with the Company’s legal and, transition costs related to the Company’s move to outsource specified services to Capgemini and the move to an asset-light business model, and excludes the gain relating to refranchising. Non-GAAP General and Administration Expense is calculated as general and administration expense in accordance with GAAP excluding $0.6 million of the portion of such transitional costs in general and administration expenses. The Company believes that net income attributable to Jamba, Inc. and net income from operations, and general and administration expense adjusted to exclude the costs of such items is a helpful indicator of the Company's operating performance in that it shows the net income/loss without the impact of what the Company believes to be upfront transitional costs and the gains relating to refranchising. Management does not believe such costs and gains are reflective of the Company's ongoing performance and accordingly excludes those items from non-GAAP Adjusted Net Income attributable to Jamba, Inc., Net Income from Operations and General and Administration Expense. (3)The Company used the non-GAAP financial measure of Adjusted EBITDA and Adjusted Free Cash Flow in its statements made in this release and believes that these are useful in measuring the operating performance of the company. Adjusted EBITDA is equal to net income, adjusted for: (a) the Company’s legal and transition costs related to the Company’s move to outsource specified services to Capgemini and the move to an asset-light business model; (b) gain from disposal of assets relating to refranchising; (c) depreciation and amortization; (d) interest income; (e) interest expense; (f) income taxes; and (g) stock based compensation expense. Adjusted Free Cash Flow is equal to net cash provided by operating activities, adjusted for: (a) the Company’s legal and transition costs related to the Company’s move to outsource specified services to Capgemini and the move to an asset-light business model; (b) capital expenditures. Weighted-average shares used in computation of earnings per share: Basic Earnings per share attributable to Jamba, Inc. common stockholders Basic Reported 13-Week Period Ended June 30, 2015 Gains and Transitional Costs As Adjusted 13-Week Period Ended June 30, 2015 Reported 13-Week Period Ended July 1, 2014 As Adjusted 13-Week Period Ended July 1, 2014 Reported 26-Week Period Ended June 30, 2015 Gains and Transitional Costs As Adjusted 26-Week Period Ended June 30, 2015 Reported 26-Week Period Ended July 1, 2014 Gains and Transitional Costs As Adjusted 26-Week Period Ended July 1, 2014 At July 1, 2014

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA) today reported unaudited financial results for the first fiscal quarter ended March 31, 2015. The Company achieved significant accomplishments in several areas, highlighted by a strong increase in same store sales with gains in premium juices and Energy Bowls™. For the quarter, Jamba reported system-wide comparable store sales increases of 5.0%, company-owned stores of 6.0%, and franchise-operated stores of 4.2%. On a GAAP basis, for the first quarter of 2015, net loss attributable to Jamba, Inc. was approximately $(1.8) million, or $(0.11) diluted loss per share, which included upfront costs incurred from the company’s organizational restructuring, the transition of certain administrative functions to third party service provider Capgemini and costs incurred in the move to an asset-light business model. On a non-GAAP basis, which excludes the upfront costs, adjusted net loss attributable to Jamba, Inc.(2) was approximately $(1.0) million or $(0.06) diluted loss per share. “Jamba’s results reflect value-creating accomplishments on several fronts, ranging from increases for comparable store sales driven by our premium juice platform to refranchising gains and new venture growth. We advanced our priority to transform Jamba to an asset-light model with our agreement to refranchise 100 California stores. Our plans for the accelerated refranchising of other units will reduce company-owned stores to around 10 percent of our total stores by year-end. That’s down from approximately 30 percent company-owned stores we had just a year ago,” said James D. White, chairman, president and chief executive officer of Jamba, Inc. “These advances involved incremental transition costs for organizational restructuring and outsourcing expenses plus costs associated with moving to the asset-light model, which are reflected in our net loss for the quarter. In addition, our first-ever share repurchase program is well underway with 1.4 million shares purchased since inception,” Mr. White said. “As these efforts unfold, Jamba is also advancing in the marketplace with sales of our new juice and Energy Bowl™ platforms growing and our new loyalty program and mobile pay systems gaining new users.” “We are pleased to affirm our guidance for the strong growth of comparable store sales, operating margin and new stores for the full year,” concluded Mr. White. Highlights for the 13 weeks ended March 31, 2015, compared to the 13 weeks ended April 1, 2014: Company-owned comparable store sales(1) increased 6.0% in the first quarter compared to the prior year period; System-wide comparable store sales(1) increased 5.0% and franchise-operated comparable store sales(1) increased 4.2% for the first quarter of 2015 compared to the prior year period; Net loss was $(1.7) million, or $(0.11) diluted loss per share for the first quarter of 2015, compared to a net loss of $(0.2) million or $(0.01) diluted loss per share for the prior year period. Adjusted net loss attributable to Jamba, Inc.(2) on a non-GAAP basis was $(1.0) million, or $(0.06) diluted earnings per share for the first quarter of 2015, excluding $0.7 million in upfront costs incurred for organizational restructuring, the transition of certain administrative functions to third party service provider Capgemini, and the move to an asset-light business model; Total revenue for the first quarter of 2015 was $52.5 million compared to total revenue of $51.6 million for the prior year period; General and administrative expenses for the 13 weeks ended March 31, 2015 increased 7.3% to $9.0 million compared with $8.4 million for the prior year period. On a non-GAAP basis, adjusted general and administration expense(2) was $8.5 million, which excludes upfront general and administration expense, primarily related to costs incurred for organizational restructuring, the transition of certain administrative functions to Capgemini and the move to an asset-light business model. General and administrative expenses for 2015 are targeted for approximately $30 million as the Company moves toward the asset-light business model; Shares repurchased during the quarter were 445,414, utilizing $6.7 million under the $25 million share repurchase plan. Cumulatively through the end of the first quarter, 1,356,227 shares, or $18.7 million worth have been repurchased under this plan; and, Plans were accelerated to move to a greater than 90% franchise system by the end of fiscal 2015. An agreement was reached to refranchise 100 company-owned stores in San Francisco, Sacramento and San Diego to the Vitaligent group for $36 million in cash. Under its accelerated initiative, Jamba plans to refranchise approximately 90-100 additional stores by year-end which positions Jamba to reach its accelerated, cumulative goal of a 90% franchise system. Jamba projects cash proceeds of $55-70 million from these refranchises. First Quarter Fiscal 2015 Results Revenue For the 13 weeks ended March 31, 2015, total revenue increased 1.7% to $52.5 million from $51.6 million in the prior year period. The increase is primarily due to the 6.0% increase in company-owned comparable store sales(1) partially offset by the reduction in the number of company-owned stores pursuant to the company’s refranchising strategy. The increase in company-owned comparable store sales(1) of 6.0% was driven primarily by an increase in average check of 580 basis points and an increase in transaction count of 20 basis points. Franchise and other revenue increased 9.5% to $4.8 million from $4.4 million in the prior year period, primarily due to increased royalties resulting from the franchise-operated comparable store sales(1) increase of 4.2% during the 13 week period ended March 31, 2015. JambaGO® revenue was $0.7 million and $0.6 million in the 13 week periods ended March 31, 2015 and April 1, 2014, respectively. Loss from Operations and Operating Margin Jamba’s operating margin was (3.2)% for the first quarter of 2015 compared to (0.4)% for the quarter ended April 1, 2014. On a dollar basis, the $(1.7) million loss from operations for the first quarter of 2015 was a $1.5 million increase from the $(0.2) million loss from operations in the first quarter of 2014, resulting from the mix shift to the made to order juice and bowl platforms, which have higher cost of goods sold and labor and costs related to our transition to an asset-light business model. On a non-GAAP basis which excludes the upfront costs, adjusted loss from operations(2) was approximately $(1.0) million or (1.8)% compared to (0.4)% from the prior year. Initiatives have been operationalized at stores to improve store level margins by 200-300 basis points for 2015, which we believe will increase operating margin. Retail Growth As of March 31, 2015, there were 805 Jamba® stores system-wide in the United States, of which 546 are franchise-operated stores, and 259 are Company-owned. Franchise-operated stores include 40 Smoothie Stations™, Jamba’s limited menu express format. During the quarter, Jamba opened two new domestic franchise-operated stores, two non-traditional smoothie stations, and two international store locations, one in the Middle East and one in Mexico. No new Company-owned stores opened during the quarter. During the quarter, seven stores were closed globally. As of March 31, 2015 there were 62 international store locations, all of which are franchise-operated. Growth continues at JambaGO® with units in operation approaching 2,000. Liquidity On March 31, 2015, the Company held $8.1 million in cash and cash equivalents as compared to $17.8 million cash and cash equivalents at December 30, 2014. As of March 31, 2015 and April 1, 2014, the Company did not have any restricted cash. During the quarter, the Company repurchased 445,414 shares of common stock on the open market at an average price of $15.00 per share. Subsequent to March 31, 2015, the Company completed the transfers of two refranchising packages for aggregate consideration of $4.9 million. Outlook for 2015 The Company continues to expect to achieve the following results for fiscal 2015: Increase company-owned comparable store sales(1) to 3.0% to 5.0%; Achieve non-GAAP operating margin of 4.0% - 6.0%; Refranchise additional stores by end of 2015 for a franchise rate of 90%; and, Open approximately 100 new locations globally. Webcast and Conference Call Information A conference call to review the first quarter 2015 results will be held today, May 7, 2015 at 5:00 p.m. ET. The conference call can be accessed live over the phone by dialing (877) 407-3982 or for international callers by dialing (201) 493-6780. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 13606708. The replay will be available until May 28, 2015. The call can be accessed from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba, Inc. Jamba, Inc., owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh-squeezed juices and juice blends, hot teas and a variety of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, Energy Bowls™, baked goods and snacks. As of March 31, 2015, there were 867 store locations globally. There were 259 Company-owned and operated stores and 546 franchise-operated stores in the United States, and 62 franchise-operated international stores. Jamba Juice Company expanded the Jamba® brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba® outlets in the United States. Fans of Jamba Juice® can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.jambajuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848). Forward-Looking Statements This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company’s management. Words such as “outlook”, “believes”, “expects”, “appears”, “may”, “will”, “should”, “anticipates”, or the negative thereof or comparable terminology, are intended to identify such forward-looking statements. Any statement that is not a historical fact, including the statements made under the caption “Outlook for 2015” and any other estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to factors discussed under the section entitled “Risk Factors” in the Company’s reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond the Company’s control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release. Non-GAAP Financial Measures The Company provides certain supplemental non-GAAP financial measures to its investors as a complement to the most comparable GAAP measures. The Company believes that providing these non-GAAP measures to its investors, in addition to corresponding GAAP income statement measures, provides investors the benefit of viewing the Company's performance using the same financial metrics that the management team uses in making many key decisions and understanding how the Company's core business operations may perform and may look in the future. The non-GAAP financial measures are discussed further in Footnotes below. Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States of America. Non-GAAP measures should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. Footnotes (1) Comparable store sales are calculated using sales of Jamba Juice® stores open more than one full year. Company-owned comparable store sales percentages are based on sales from Company-owned stores included in our store base. Franchise-operated comparable store sales percentages are based on sales from franchised stores, as reported by franchisees, which are included in our store base. System-wide sales percentages are based on sales by both Company-owned and franchise-operated stores, as reported by our franchisees, which are included in our store base. Company-owned stores that were sold in refranchising transactions are included in the Company-owned store base for each accounting period of the fiscal year to the extent the sale is consummated at least three days prior to the end of such accounting period, but only for the days such stores have been Company-owned. Thereafter, such stores are excluded from the store base until such stores have been franchise-operated for at least one full fiscal period, at which point such stores are included in the franchise-operated store base and compared to sales in the comparable period of the prior year. Comparable store sales exclude closed locations. Company-owned comparable store sales percentages as used herein, may not be equivalent to Company-owned comparable store sales as defined or used by other companies. Franchise-operated comparable store sales percentages and system-wide sales percentages as used herein are non-GAAP financial measures and should not be considered in isolation or as substitute for other measures of performance prepared in accordance with generally accepted accounting principles in the United States. Management reviews the increase or decrease in Company-owned comparable store sales, franchise-operated comparable store sales and system-wide sales compared with the same period in the prior year to assess business trends and make certain business decisions. The Company believes the data is useful in assessing the overall performance of the Jamba® brand and, ultimately, the performance of the Company, the Company-owned stores, and franchise-operated stores. (2) Non-GAAP adjusted net income attributable to Jamba, Inc. is calculated as net income attributable to Jamba, Inc. as determined in accordance with GAAP excluding the cost items as specifically identified in the non-GAAP reconciliation schedules set forth below associated with the Company’s legal and, transition costs related to the Company’s move to outsource specified services to Capgemini and the move to an asset-light business model. Non-GAAP general and administration expense is calculated as general and administration expense in accordance with GAAP excluding $0.4 million of the portion of such transitional costs in general and administration expenses. The Company believes that net income attributable to Jamba, Inc. and general and administration expense adjusted to exclude the costs of such items is a helpful indicator of the Company's operating performance in that it shows the net gain/loss without the impact of what the Company believes to be upfront transitional costs. Management does not believe such costs are reflective of the Company's ongoing performance and accordingly excludes those items from non-GAAP adjusted net income/loss attributable to Jamba, Inc. and general and administration expense. March 31, 2015 Total other expense, net March 31, 2015 March 31, 2015 outstanding at December 30, 2014

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA) today reported preliminary unaudited financial results for the fourth fiscal quarter and year ended December 30, 2014 and an update on strategic initiatives. Jamba demonstrated continued momentum driven by the 2014 launch of made-to-order juices and energy bowls that helped drive increased same store sales for the quarter and for the year, the fourth consecutive year of comparable store sales growth. For the fourth quarter, Jamba reported comparable store sales increases for the system of 4.9%, company-owned stores of 4.2%, and franchise-operated stores of 5.4%. For the full year, the comparable store sales increases were 2.7% for the system, 2.8% for company-owned stores and 2.7% for franchise-operated stores. On a GAAP basis, for the full year, net loss attributable to Jamba, Inc. was approximately $(3.6) million, or $(0.21) diluted loss per share, which included upfront costs for the launch of Jamba’s juice platforms, costs incurred in the transition of certain administrative functions to third party service provider Capgemini, the purchase of 23 net operating stores from a franchisee and costs incurred in the move to an asset-light business model. On a non-GAAP basis, which excludes the upfront costs, adjusted net income attributable to Jamba, Inc.(2) was approximately $3.6 million or $0.20 diluted earnings per share. Overview and update on strategic initiatives “We made significant progress in transforming Jamba with value creating initiatives to introduce innovative products and marketing, reduce costs and enhance productivity, accelerate our move to an asset-light model with expanded refranchising, increase our store growth with renewed franchise recruiting, return capital to shareholders through our first-ever share re-purchase program, and add new perspectives and strength to our Board with our proposed new directors” said James D. White, chairman, president and CEO of Jamba, Inc. “Our overall results reflect the successful launch of our juice and Energy Bowl platforms. We anticipate that our expanded franchise recruiting and development efforts will generate store openings in 2015 in key new markets. The net impact of these efforts will double our annual store openings with a target of 100 to 125 in 2015 and the goal of adding up to 500 new stores in the next five years domestically.” Mr. White indicated that Jamba is firmly committed to an asset-light strategy and identified a near-term objective to refranchise approximately 114 company-owned stores by mid-2015, which would take the franchise/company store mix to over 80%/20%. “Our accelerated refranchising initiative should enable further cost savings beyond those previously announced. We will provide updates as these initiatives develop,” he said. Highlights for the 52 weeks ended December 30, 2014, compared to the 52 weeks ended December 31, 2013: Reflecting the traction gained by juice, Company-owned comparable store sales(1) increased 2.8% while franchise-operated comparable store sales(1)were up 2.7% and system-wide comparable sales(1) grew 2.7% for the fiscal year ended December 30, 2014 compared to the prior year. Juice sales grew throughout the year, and from May to December they increased from 7.0% to 13.4% of Company-store revenue, making Jamba the leading retailer of premium fresh juices in the country. Net loss attributable to Jamba, Inc. was approximately $(3.6) million, or $(0.21) diluted loss per share. Adjusted net income attributable to Jamba, Inc.(2) on a non-GAAP basis was approximately $3.6 million, or $0.20 diluted earnings per share, excluding $7.3 million in upfront costs for the launch of the Company’s juice platforms, costs for the transition of administrative functions to Capgemini, the purchase of 23 net operating franchise stores and costs incurred in the transition to an asset-light business model. Total revenue decreased 4.9% to $218.0 million compared to $229.2 million for the prior year, primarily resulting from a decrease in company-owned stores due to ongoing refranchising initiatives. General and administration expense decreased slightly to $37.3 million compared to $37.8 million for the prior year. On a non-GAAP basis, adjusted general and administration expense(2) was $33.7 million, which excludes upfront general and administration expense, primarily related to the Company’s organizational restructuring, expenses for the transition of certain administrative functions to Capgemini and the purchase of 23 net operating stores in the Midwest from a franchisee, which stores the Company expects to refranchise. We expect general and administrative expense for 2015 to be approximately $30 million. Shares repurchased during the year were 910,813, utilizing $12.0 million under our $25 million share repurchase plan. Plans were set for the refranchising of 114 Company-owned stores by mid-2015 to accelerate Jamba’s move to an asset-light business model. Global development continued with franchisees opening 67 Jamba Juice stores; 24 traditional, eight non-traditional, 11 Smoothie Stations, and 24 units in International markets, of which 15 are non-traditional and nine traditional. At fiscal year-end, there were 868 stores globally; 263 company stores, 543 domestic franchise stores and 62 international franchise stores. Highlights for the 13 weeks ended December 30, 2014, compared to the 13 weeks ended December 31, 2013: Driven by the growth in juice and Energy Bowls, Company-owned comparable store sales(1) increased 4.2%, franchise-operated comparable store sales(1) were up 5.4% and system-wide comparable store sales(1) grew 4.9% for the 13 weeks ended December 30, 2014 compared to the prior year. Net loss attributable to Jamba, Inc. was approximately $(8.0) million, or $(0.47) diluted loss per share. On a non-GAAP basis, adjusted net loss attributable to Jamba, Inc.(2) was approximately $(4.7) million, or $(0.27) diluted loss per share, excluding $3.3 million in up-front costs resulting from the launch of the Company’s juice platforms, the transition of administrative functions to Capgemini, the purchase of 23 net operating franchise stores and costs incurred in the transition to an asset-light business model. Total revenue remained relatively flat at $43.9 million compared to total revenue of $44.1 million for the prior year. General and administration expense remained relatively flat at $9.9 million compared to $10.0 million for the prior year. On a non-GAAP basis, adjusted general and administration expense(2) was $7.8 million, which excludes upfront general and administration expense, primarily related to the Company’s organizational restructuring, expenses for the transition of certain administrative functions to Capgemini and the purchase of 23 net operating stores in the Midwest from a franchisee which stores the Company expects to refranchise. Results for Fiscal Year 2014 Revenue For the fiscal year ended December 30, 2014, total revenue decreased 4.9% to $218.0 million from $229.2 million in the prior year. The decrease is primarily caused by the reduction in the number of Company-owned stores due to Jamba’s refranchising strategy, partially offset by the 2.8% increase in Company-owned comparable store sales(1). Jamba had 263 Company-owned stores at the end of the 2014 fiscal year compared with 268 at the end of 2013. The increase in Company-owned comparable store sales(1) of 2.8% was driven primarily by an increase in average check of 470 basis points, partially offset by a decrease in transaction count of 190 basis points. During the fiscal year, franchise-operated comparable store sales(1) increased 2.7%. Top line revenue drivers were the strong performances in fresh and ready-to-drink juice and the new Energy Bowl platforms that Jamba introduced in the second half of the fiscal year. Franchise and other revenue increased 18.0% to $19.3 million from $16.4 million in the prior year. JambaGO® and CPG revenue was $5.0 million for the 2014 fiscal year compared to $3.8 million for the prior year. (Loss) Income from Operations and Operating Margin For the full year, loss from operations was approximately $(3.3) million, which included upfront costs for the launch of Jamba’s juice platforms, the transition of certain administrative functions to Capgemini, the purchase of 23 net operating stores from a franchisee and the move to an asset-light business model. On a non-GAAP basis which excludes the upfront costs, adjusted income from operations(2) was approximately $3.8 million or 1.7% compared to 1.0% from the prior year. Operating margins were impacted by higher labor costs and cost of goods sold, due to the accelerated launch of the juice and Energy Bowl platforms. High consumer demand and competitive advantage gained by having a leading national presence led Jamba to move up the launch dates for these product offerings. There are plans in place to optimize the costs of goods related to the fresh produce supply that will start to impact operating margins by the second quarter of 2015. In addition, process improvements around store efficiencies are in test and we expect those to be implemented during the same time frame. Fourth Quarter Fiscal 2014 Results Revenue For the fourth quarter ended December 30, 2014, total revenue was essentially flat at $43.9 million compared to the $44.1 million in the prior year period. The slight decrease is primarily caused by the reduction in Company-owned stores due to Jamba’s refranchising strategy, partially offset by the 4.2% increase in Company-owned comparable store sales(1),which was driven primarily by an increase in average check of 370 basis points and a 50 basis point increase in traffic. Franchise and other revenue increased 20.7% to $4.5 million from $3.7 million in the prior year period. The increase was attributable to an increase in franchise revenue due to nine new and five refranchised domestic stores and seven new international franchise-operated stores, a 50.8% increase in CPG and JambaGO revenue, and the 5.4% increase in franchise-operated comparable store sales(1). Jamba’s CPG and JambaGO revenue was $1.3 million in the fourth quarter of 2014, compared to $0.9 million in the prior year period. (Loss) from Operations and Operating Margin For the fourth quarter, loss from operations was approximately $(7.9) million, which included upfront costs for the launch of Jamba’s juice platforms, the transition of administrative functions to Capgemini, the purchase of 23 net operating stores from a franchisee and the move to an asset-light business model. On a non-GAAP basis which excludes the upfront costs, adjusted loss from operations(2) was approximately $(4.6) million or (10.4)% compared to (14.3)% from the prior year. Operating margins were impacted by higher labor costs and cost of goods sold, due to the accelerated launch of the juice and Energy Bowl platforms. Retail Growth At December 30, 2014, system-wide, Jamba® had 806 stores in the United States, of which 543 are franchise-operated stores and 263 are Company-owned stores. Franchise-operated stores include 39 Smoothie Stations™, Jamba’s limited menu express format. On an international basis, Jamba had 62 stores at the end of the fiscal year, all franchise operated. During 2014, Jamba opened 43 domestic franchise-operated stores, of which 19 are non-traditional and 24 traditional and 24 international franchise-operated stores, of which 15 are non-traditional and nine traditional. In 2014, Jamba signed agreements to enter the Middle East and Taiwan with plans for a total of 1,400 stores in 10 years. Internationally, there are 28 Jamba stores in South Korea, 16 in the Philippines, 15 in Canada, two in Mexico, and one in the Middle East. No new Company-owned stores opened during the fiscal year, and Jamba acquired 23 net operating stores in the Midwest from a franchise partner as of September 28, 2014, with plans to re-franchise these stores by mid-2015. 50 stores were closed globally. Growth continues at JambaGO® with units in operation approaching 2,000. Liquidity On December 30, 2014, the Company held $17.8 million in cash and cash equivalents compared to cash and cash equivalents of $32.4 million at December 31, 2013. As of December 30, 2014 the Company did not have any restricted cash. During the year, the Company repurchased 910,813 shares of common stock on the open market at an average price of $13.17. Guidance for 2015 The Company looks to 2015 as a year of earnings growth, cost reduction and value creation in which it will continue to aggressively return capital to shareholders through its stock repurchase program. Jamba set preliminary annual targets of: Company-owned comparable store sales(1) of 3%-5% ; Operating margin of 4%-6% of revenue; 100-125 new U.S. and international store locations; G&A at $30 million Continued pursuit of the asset-light strategy, with the refranchising of 114 stores by mid-2015. Webcast and Conference Call Information A conference call to review the preliminary unaudited fourth quarter and fiscal year 2014 results will be held today, March 12, 2015 at 5:00 p.m. ET. The conference call can be accessed live over the phone by dialing (877) 407-3982 or for international callers by dialing (201) 493-6780. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 13602547. The replay will be available until April 2, 2015. The call can be accessed from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba, Inc. Jamba, Inc. owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh-squeezed juices and juice blends, hot teas and a variety of food items including, Energy Bowls™, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, baked goods and snacks. As of December 30, 2014, there were 868 store locations globally. There were 263 Company-owned and operated stores and 543 franchise-operated stores in the United States, and 62 franchise-operated international stores. Jamba Juice Company expands the Jamba® brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are available online, through select retailers across the nation and in Jamba® outlets in the United States. Fans of Jamba Juice® can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.JambaJuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848). Forward-Looking Statements This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company’s management. Words such as “outlook”, “believes”, “expects”, “appears”, “may”, “will”, “should”, “anticipates”, or the negative thereof or comparable terminology, are intended to identify such forward looking statements. Any statement that is not a historical fact, including the statements made under the caption “Guidance for 2015” and any other estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to factors discussed under the section entitled “Risk Factors” in the Company’s reports filed with the SEC. In addition, the unaudited financial results are preliminary, and, therefore, subject to the Company’s completion of the customary year end closing and audit procedures. Many of such factors relate to events and circumstances that are beyond the Company’s control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release. Non-GAAP Financial Measures The Company provides certain supplemental non-GAAP financial measures to its investors as a complement to the most comparable GAAP measures. The Company believes that providing these non-GAAP measures to its investors, in addition to corresponding GAAP income statement measures, provides investors the benefit of viewing the Company's performance using the same financial metrics that the management team uses in making many key decisions and understanding how the Company's core business operations may perform and may look in the future. The non-GAAP financial measures are discussed further in Footnotes below. Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States of America. Non-GAAP measures should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. Footnotes (1) Comparable store sales are calculated using sales of Jamba Juice® stores open more than one full year. Company-owned comparable store sales percentages are based on sales from Company-owned stores included in our store base. Franchise-operated comparable store sales percentages are based on sales from franchised stores, as reported by franchisees, which are included in our store base. System-wide sales percentages are based on sales by both Company-owned and franchise-operated stores, as reported by our franchisees, which are included in our store base. Company-owned stores that were sold in refranchising transactions are included in the Company-owned store base for each accounting period of the fiscal year to the extent the sale is consummated at least three days prior to the end of such accounting period, but only for the days such stores have been Company-owned. Thereafter, such stores are excluded from the store base until such stores have been franchise-operated for at least one full fiscal period, at which point such stores are included in the franchise-operated store base and compared to sales in the comparable period of the prior year. Comparable store sales exclude closed locations. Company-owned comparable store sales percentages as used herein, may not be equivalent to Company-owned comparable store sales as defined or used by other companies. Franchise-operated comparable store sales percentages and system-wide sales percentages as used herein are non-GAAP financial measures and should not be considered in isolation or as substitute for other measures of performance prepared in accordance with generally accepted accounting principles in the United States. Management reviews the increase or decrease in Company-owned comparable store sales, franchise-operated comparable store sales and system-wide sales compared with the same period in the prior year to assess business trends and make certain business decisions. The Company believes the data is useful in assessing the overall performance of the Jamba® brand and, ultimately, the performance of the Company, the Company-owned stores, and franchise-operated stores. (2) Non-GAAP adjusted net income attributable to Jamba, Inc. is calculated as net income attributable to Jamba, Inc. as determined in accordance with GAAP excluding the cost items as specifically identified in the non-GAAP reconciliation schedules set forth below associated with the Company’s juice launch, transition and legal costs related to the Company’s move to outsource specified services to Capgemini, costs associated with the purchase of 23 net operating stores from an existing franchisee in the Midwest and transition costs accompanying the move to an asset-light business model. Non-GAAP general and administration expense is calculated as general and administration expense in accordance with GAAP excluding $3.6 million of the portion of such transitional costs in general and administration expenses. The Company believes that net income attributable to Jamba, Inc. and general and administration expense adjusted to exclude the costs of such items is a helpful indicator of the Company's operating performance in that it shows the net gain/loss without the impact of what the Company believes to be upfront transitional costs. Management does not believe such costs are reflective of the Company's ongoing performance and accordingly excludes those items from non-GAAP adjusted net income/loss attributable to Jamba, Inc. and general and administration expense. Total costs and operating expenses

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA) today reported unaudited financial results for the third fiscal quarter ended September 30, 2014 and an update on strategic initiatives. Jamba reported quarterly comparable store increases for company-owned and franchise-operated stores, driven by the increased momentum of Jamba’s fresh-squeezed juice and whole food blending platform. Jamba reported a net loss for the quarter of $1.7 million. On an as-adjusted basis, non-GAAP net income was $0.6 million, after adjusting for $2.3 million in up front investments which includes the launches of our juice platforms, transition and legal costs related to our move to outsource specified services to Capgemini, costs associated with the purchase of 23 operating stores from an existing franchisee in the Midwest and transition costs accompanying the move to an asset light business model. Overview and update on strategic initiatives “Jamba’s momentum continued to build in the third quarter as our juice and whole food blending platform gained traction,” said James D. White, chairman, president and CEO of Jamba. “Our juice sales are up more than three times over last year and we expect sales will continue to grow as trial and awareness increase. Our new line of ready-to-drink juices, now available in California, provides consumers with fresh-squeezed juices in the store and cold-pressed juices for later. “Our focus on creating shareholder value goes well beyond new products as we aggressively pursue initiatives to double our store growth, enhance our productivity, significantly reduce G&A going into 2015, and accelerate our re-franchising.” Mr. White provided updates on previously announced initiatives. “We have identified a total of approximately $7-8 million in expense reductions, representing about 20% of our G&A cost base that we plan to take out of the business in the remainder of 2014.” Mr. White affirmed the Company’s commitment to an asset light strategy and identified a near term objective to refranchise approximately 114 company-owned stores, which would take the franchise/company mix to 80%/20%. “We are moving forward with this refranchising plan that we expect to complete during the first half of 2015. Accelerated refranchising should enable further cost savings beyond those previously announced. We will provide updates as these initiatives develop,” stated Mr. White. The Company also announced that it is initiating a share repurchase program to buy back up to $25 million of its shares from existing cash resources over the next 18 months. “With significant cash and liquidity, and continuing progress against our fresh-squeezed juice initiative, we believe that now is the right time for a program that will help create additional shareholder value. As we complete the refranchise initiative, we expect to evaluate increasing the amount of our repurchase program with additional cash proceeds at the time,” stated Mr. White. “All these efforts will make 2014 a year of accelerated accomplishments and also one of transition as Jamba’s product mix shifts more to juice, requiring initial investments and costs but also creating the opportunity for even faster growth that is reflected in our preliminary targets for 2015,” concluded Mr. White. Highlights for the 13 weeks ended September 30, 2014, compared to the 13 weeks ended October 1, 2013: Reflecting the traction gained by juice, Company-owned comparable store sales(1) increased 3.7%, franchise-operated comparable store sales(1)were up 3.9% and system-wide comparable sales(1) grew 3.8% for the quarter compared to the prior year period. Juice sales increased from 7% to 15% of sales in just four months from May through September, making Jamba the leading retailer in the country of premium fresh juices. Net loss was $(1.7) million, or $(0.10) diluted loss per share compared to net income of $2.7 million, or $0.15 diluted earnings per share for the prior year period. On a non-GAAP basis excluding $2.3 million in up-front costs which include the launches of its juice platforms, outsourcing to Capgemini, the purchase of 23 operating franchise stores and transition to an asset light business model, adjusted net income(2) was $0.6 million, or $0.03 diluted earnings per share for the quarter. Total revenue decreased 5.5% to $58.3 million compared to total revenue of $61.7 million for the prior year period, primarily caused by a decrease in the number of company-owned stores due to the Company’s ongoing refranchising initiatives. General and administration expense increased to $9.5 million compared to $8.4 million for the prior year period. On a non-GAAP basis excluding upfront costs primarily relating to the Company’s organizational restructuring and resources transition to Capgemini and the purchase of 23 operating stores located in the Midwest from an existing franchisee, adjusted general and administration expense(2) was $8.3 million. Global development continued with franchisees opening 21 Jamba Juice stores -- 12 domestically, including six Smoothie Stations, and nine in International markets. At quarter end, there were 862 stores globally; 272 company stores, 535 domestic franchise stores and 55 international franchise stores. Third Quarter Fiscal 2014 Results Revenue For the 13 weeks ended September 30, 2014, total revenue decreased 5.5% to $58.3 million from $61.7 million in the prior year period. The decrease is primarily caused by the reduction in the number of Company-owned stores due to the Company’s refranchising strategy, partially offset by the 3.7% increase in Company-owned comparable store sales(1). The number of Company-owned stores at the end of the 13 week periods ended September 30, 2014 and October 1, 2013 was 272 and 287, respectively. The increase in Company-owned comparable store sales(1) of 3.7% was driven primarily by an increase in average check of 440 basis points, partially offset by a decrease in transaction count of 70 basis points. During the 13 week period ended September 30, 2014, franchise-operated comparable store sales(1) increased 3.9%. Top line revenue drivers continue to be the strong performance in fresh and ready-to-drink juice, and the new Energy Bowl platform that the Company introduced late in the quarter. Franchise and other revenue increased 14.9% to $4.9 million from $4.3 million in the prior year period. JambaGO® and CPG revenue was $1.3 million for the 13 week period ended September 30, 2014 and $0.8 million for the prior year period. (Loss) Income from Operations and Operating Margin The Company’s operating margin was (3.1)% for the third quarter of 2014 compared to 5.4% for the quarter ended October 1, 2013. For the third quarter of 2014, loss from operations was $1.7 million. On a non-GAAP basis excluding up-front costs relating to the launches of our juice platforms, our outsourcing to Capgemini, the purchase of 23 operating stores from an existing franchisee and the move to an asset light business model, adjusted income from operations(2) was $0.7 million. Operating margins were impacted this quarter due to the accelerated launch of juice and Energy Bowl platforms which require additional labor and high cost of goods sold. These platforms were accelerated due to the high consumer demand and competitive advantage gained by having a leading national presence. Currently the Company has work plans in place designed to reduce the labor required and mitigate the higher fresh produce costs. Retail Growth At quarter end, system-wide, Jamba® had 807 stores in the United States, of which 535 are franchise-operated stores, and 272 are Company-owned. Franchise-operated stores include 39 Jamba Smoothie Stations™, the limited menu express format. On an international basis, Jamba had 55 stores at the end of the quarter, all are franchise operated. During the quarter, Jamba opened 12 new domestic franchise-operated stores, of which nine are non-traditional and three traditional, and nine international franchise-operated stores, two of which are in the Philippines, five in Canada, one in Mexico and one in South Korea. No new Company-owned stores opened during the quarter and Jamba acquired 23 operating stores in the Midwest from a franchise partner as of September 28, 2014. 16 stores were closed globally. Approximately 1,900 JambaGO® units were in operation. Liquidity On September 30, 2014, the Company held $30.4 million in cash and cash equivalents compared to cash and cash equivalents of $32.4 million at December 31, 2013. As of September 30, 2014 the Company did not have any restricted cash. Outlook for 2015 The Company looks to 2015 as a year of growth, cost reduction and value creation with preliminary annual targets of: Company-owned comparable store sales(1) of 3%-5% ; Operating margin of 4.0%-6.0% of revenue; 100-125 new U.S. and international store locations; G&A reduction of approximately 20%; Continued pursuit of our asset light strategy, with the refranchising of 114 stores during the first half of the year. Webcast and Conference Call Information A conference call to review the third quarter 2014 results will be held today, November 4, 2014 at 5:00 p.m. ET. The conference call can be accessed live over the phone by dialing (877) 407-3982 or for international callers by dialing (201) 493-6780. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 13593195. The replay will be available until November 25, 2014. The call can be accessed from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba, Inc. Jamba, Inc., (the “Company”) owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh-squeezed juices and juice blends, hot teas and a variety of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™ , baked goods and snacks. As of September 30, 2014, there were 807 store locations globally. There were 72 Company-owned and operated stores and 535 franchise-operated stores in the United States, and 55 franchise-operated international stores. Jamba Juice Company expanded the Jamba® brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba® outlets in the United States. Fans of Jamba Juice® can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.JambaJuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848). Forward-Looking Statements This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company’s management. Words such as “outlook”, “believes”, “expects”, “appears”, “may”, “will”, “should”, “anticipates”, or the negative thereof or comparable terminology, are intended to identify such forward looking statements. Any statement that is not a historical fact, including the statements made under the caption “Outlook for 2015” and any other estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to factors discussed under the section entitled “Risk Factors” in the Company’s reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond the Company’s control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release. Non-GAAP Financial Measures The Company provides certain supplemental non-GAAP financial measures to its investors as a complement to the most comparable GAAP measures. The Company believes that providing these non-GAAP measures to its investors, in addition to corresponding GAAP income statement measures, provides investors the benefit of viewing the Company's performance using the same financial metrics that the management team uses in making many key decisions and understanding how the Company's core business operations may perform and may look in the future. The non-GAAP financial measures are discussed further in Footnotes below. Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States of America. Non-GAAP measures should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. Footnotes (1) Comparable store sales are calculated using sales of Jamba Juice® stores open more than one full year. Company-owned comparable store sales percentages are based on sales from Company-owned stores included in our store base. Franchise-operated comparable store sales percentages are based on sales from franchised stores, as reported by franchisees, which are included in our store base. System-wide sales percentages are based on sales by both Company-owned and franchise-operated stores, as reported by our franchisees, which are included in our store base. Company-owned stores that were sold in refranchising transactions are included in the Company-owned store base for each accounting period of the fiscal quarter to the extent the sale is consummated at least three days prior to the end of such accounting period, but only for the days such stores have been Company-owned. Thereafter, such stores are excluded from the store base until such stores have been franchise-operated for at least one full fiscal period, at which point such stores are included in the franchise-operated store base and compared to sales in the comparable period of the prior year. Comparable store sales exclude closed locations. Company-owned comparable store sales percentages as used herein, may not be equivalent to Company-owned comparable store sales as defined or used by other companies. Franchise-operated comparable store sales percentages and system-wide sales percentages as used herein are non-GAAP financial measures and should not be considered in isolation or as substitute for other measures of performance prepared in accordance with generally accepted accounting principles in the United States. Management reviews the increase or decrease in Company-owned comparable store sales, franchise-operated comparable store sales and system-wide sales compared with the same period in the prior year to assess business trends and make certain business decisions. The Company believes the data is useful in assessing the overall performance of the Jamba® brand and, ultimately, the performance of the Company, the Company-owned stores, and franchise-operated stores. (2) Non-GAAP adjusted net income is calculated as net income as determined in accordance with GAAP excluding the cost items as specifically identified in the non-GAAP reconciliation schedules set forth below associated with the Company’s juice launch, transition and legal costs related to the Company’s move to outsource specified services to Capgemini, costs associated with the purchase of 23 operating stores from an existing franchisee in the Midwest and transition costs accompanying the move to an asset light business model. Non-GAAP general and administration expense is calculated as general and administration expense in accordance with GAAP excluding $1.2 million of the portion of such transitional costs in general and administration expenses. The Company believes that net income and general and administration expense adjusted to exclude the costs of such items is a helpful indicator of the Company's operating performance in that it shows the net gain/loss without the impact of what the Company believes to be up front transitional costs. Management does not believe such costs are reflective of the Company's ongoing performance and accordingly excludes those items from non-GAAP adjusted net income/loss and general and administration expense. Total revenue

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA) today reported unaudited financial results for the second fiscal quarter ended July 1, 2014. Jamba® recorded quarterly comparable store sales(1) increases for company-owned and franchise-operated stores, driven by the expansion of Jamba’s fresh-squeezed juice and whole food blending platform. Juice and whole food blending was introduced to 376 stores during the quarter as a result of the accelerated national rollout, bringing the new platform to a total of 508 Jamba units by quarter end. The juice platform, which was available for only one month during the quarter in most units, is on target to add 300-400 basis points to sales based upon store sales to date. Beyond juice, Jamba continued its global growth with 19 units opened in domestic and international markets, putting the Company on track to reach its annual target of 60-80 new units. The Company also made progress on its refranchising efforts / transition to an asset-light model and decreased the number of company operated stores to 258 at quarter end. This transition helped contribute to our reduction in general and administration (G&A) expense by 6.4% year-over-year to $9.6 million. Highlights for the 13 weeks ended July 1, 2014, compared to the 13 weeks ended July 2, 2013: Company-owned comparable store sales(1) increased 2.5% for the quarter compared to the prior year period. System-wide comparable store sales(1) increased 2.2% and franchise-operated comparable store sales(1) rose 2.0% for the quarter compared to the prior year period. Net income was $6.4 million, or $0.36 diluted earnings per share for the quarter, flat compared to the prior year period. On a non-GAAP basis excluding one-time costs relating to the Company’s juice launch, adjusted net income(2) was $7.7 million, or $0.44 diluted earnings per share for the quarter, an increase of 22.2%. Total revenue decreased 5.4% to $64.2 million compared to total revenue of $67.8 million for the prior year period, primarily caused by a decrease in the number of company-owned stores due to the Company’s refranchising initiatives. Income from operations was $6.6 million, flat with the prior year period. Operating margin improved by 60 basis points to 10.3% for the second quarter of 2014. On a non-GAAP basis excluding one-time costs relating to the Company’s juice launch, adjusted income from operations(2) was $8.0 million, an increase of $1.4 million. General and administration expense decreased 6.4% to $9.6 million compared with $10.2 million for the prior year period. On a non-GAAP basis excluding one-time costs relating to the Company’s juice launch, adjusted general and administration expense(2) was $9.3 million, a decrease of $1.0 million. Global development continued with franchisees opening 19 Jamba Juice stores -- 13 domestically, including one Smoothie Station, and six in International markets. At quarter end, there were 857 stores globally; 258 company stores, 551 domestic franchise stores and 48 international franchise stores. 376 stores launched fresh-squeezed juice in the quarter – 120 Company-owned stores and 256 franchise-operated units. By mid-July, the Jamba Insider Rewards™ loyalty program enlisted more than one million members in less than five months, outpacing the rate of other industry leaders. At the same time, the ISIS® mobile wallet was used for one million transactions to redeem free Jamba® smoothies and juices. “Our second-quarter marked a significant milestone for Jamba as we continue to successfully execute on our U.S. growth strategy and drive shareholder value. Our fresh-squeezed juice and whole food blending platform is now in more than 500 stores across the U.S. While we’re in the very early days of this national rollout, we are very pleased with the marketplace excitement, consumer acceptance and incremental sales generated by this initiative,” said James D. White, chairman, president and CEO of Jamba, Inc. “The full impact of juice is not captured in our second quarter results, but in our core California market, which served as a pilot for juice, same store sales increased 3.6%, and while we are only one month into the third quarter, the initial results are positive and indicate that we are off to a strong start, up 6-7% on a same store sales basis. By year-end, we believe we will have established Jamba as the clear national leader in fresh-squeezed juice. In addition, two recent technological innovations – a smart-phone enabled customer loyalty program and a mobile payment system – achieved significant breakthroughs with high levels of consumer engagement and use,” Mr. White said. Second Quarter Fiscal 2014 Results Revenue For the 13 weeks ended July 1, 2014, total revenue decreased 5.4% to $64.2 million from $67.8 million in the prior year period. The decrease is primarily caused by the reduction in the number of Company-owned stores due to the Company’s refranchising strategy, partially offset by the 2.5% increase in Company-owned comparable store sales(1). The number of Company-owned stores at the end of the 13 week periods ended July 1, 2014 and July 2, 2013 was 258 and 295, respectively. The increase in Company-owned comparable store sales(1) of 2.5% was driven primarily by an increase in average check of 410 basis points, partially offset by a decrease in transaction count of 160 basis points. During the 13 week period ended July 1, 2014, franchise-operated comparable store sales(1) increased 2.0%. Franchise and other revenue increased 24.6% to $5.6 million from $4.5 million in the prior year period. JambaGO® and CPG revenue was $1.5 million for the 13 week period ended July 1, 2014 and $1.1 million for the prior year period. Income from Operations and Operating Margin The Company’s operating margin improved by 60 basis points to 10.3% for the second quarter of 2014 compared to 9.8% for the quarter ended July 2, 2013. On a non-GAAP basis excluding one-time costs relating to the Company’s juice launch, adjusted income from operations(2) was $8.0 million, an increase of $1.4 million. The $1.4 million improvement primarily reflected reduced cost of goods sold and labor cost resulting from sampling and promotional activities and reduced general and administration expenses. Retail Growth During the quarter, 376 stores launched fresh-squeezed juice – 120 Company-owned stores and 256 franchise-operated. As of July 1, 2014, 508 Jamba Juice® stores offered the fresh-squeezed juice platform. At quarter end, system-wide, Jamba® had 809 stores in the United States, of which 551 are franchise-operated stores, and 258 are Company-owned. Franchise-operated stores include 34 Jamba Smoothie Stations™, the limited menu express format. During the quarter, Jamba opened 13 new domestic franchise-operated stores, of which five are non-traditional and eight traditional, and six international franchise-operated stores, two of which are in the Philippines, two in Canada, one in Mexico and one in South Korea. No new Company-owned stores opened during the quarter; 16 stores were closed globally. Over 1,800 JambaGO® units were in operation. Liquidity On July 1, 2014, the Company held $32.4 million in cash and cash equivalents, flat compared to cash and cash equivalents at December 31, 2013. As of July 1, 2014 the Company did not have any restricted cash. Outlook for 2014 The Company continues to expect to achieve the following results for fiscal 2014: Positive Company-owned comparable store sales(1) of 2.0% - 4.0% ; Store-level margin of 18.0% - 19.0%; Operating margin of 2.0% - 3.0%; 60 - 80 new U.S. and international store locations; Up to 1,000 new JambaGO® installations. Webcast and Conference Call Information A conference call to review the second quarter 2014 results will be held today, August 4, 2014 at 5:00 p.m. ET. The conference call can be accessed live over the phone by dialing (877) 407-3982 or for international callers by dialing (201) 493-6780. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 13586372. The replay will be available until August 25, 2014. The call can be accessed from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba, Inc. Jamba, Inc., (the “Company”) owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh-squeezed juices and juice blends, hot teas and a variety of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™ , baked goods and snacks. As of July 1, 2014, there were 857 store locations globally. There were 258 Company-owned and operated stores and 551 franchise-operated stores in the United States, and 48 franchise-operated international stores. Jamba Juice Company expanded the Jamba® brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba® outlets in the United States. Fans of Jamba Juice® can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.JambaJuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848). Forward-Looking Statements This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company’s management. Words such as “outlook”, “believes”, “expects”, “appears”, “may”, “will”, “should”, “anticipates”, or the negative thereof or comparable terminology, are intended to identify such forward looking statements. Any statement that is not a historical fact, including the statements made under the caption “Outlook for 2014” and any other estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to factors discussed under the section entitled “Risk Factors” in the Company’s reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond the Company’s control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release. Non-GAAP Financial Measures The Company provides certain supplemental non-GAAP financial measures to its investors as a complement to the most comparable GAAP measures. The Company believes that providing these non-GAAP measures to its investors, in addition to corresponding GAAP income statement measures, provides investors the benefit of viewing the Company's performance using the same financial metrics that the management team uses in making many key decisions and understanding how the Company's core business operations may perform and may look in the future. The non-GAAP financial measures are discussed further in Footnotes below. Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States of America. Non-GAAP measures should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. Footnotes (1) Comparable store sales are calculated using sales of Jamba Juice® stores open more than one full year. Company-owned comparable store sales percentages are based on sales from Company-owned stores included in our store base. Franchise-operated comparable store sales percentages are based on sales from franchised stores, as reported by franchisees, which are included in our store base. System-wide sales percentages are based on sales by both Company-owned and franchise-operated stores, as reported by our franchisees, which are included in our store base. Company-owned stores that were sold in refranchising transactions are included in the Company-owned store base for each accounting period of the fiscal quarter to the extent the sale is consummated at least three days prior to the end of such accounting period, but only for the days such stores have been Company-owned. Thereafter, such stores are excluded from the store base until such stores have been franchise-operated for at least one full fiscal period, at which point such stores are included in the franchise-operated store base and compared to sales in the comparable period of the prior year. Comparable store sales exclude closed locations. Company-owned comparable store sales percentages as used herein, may not be equivalent to Company-owned comparable store sales as defined or used by other companies. Franchise-operated comparable store sales percentages and system-wide sales percentages as used herein are non-GAAP financial measures and should not be considered in isolation or as substitute for other measures of performance prepared in accordance with generally accepted accounting principles in the United States. Management reviews the increase or decrease in Company-owned comparable store sales, franchise-operated comparable store sales and system-wide sales compared with the same period in the prior year to assess business trends and make certain business decisions. The Company believes the data is useful in assessing the overall performance of the Jamba® brand and, ultimately, the performance of the Company, the Company-owned stores, and franchise-operated stores. (2) Non-GAAP adjusted net income is calculated as net income as determined in accordance with GAAP excluding the cost items as specifically identified in the non-GAAP reconciliation schedules set forth below associated with the Company’s juice launch. The Company believes that net income adjusted to exclude the costs of the Company’s juice launch is a helpful indicator of the Company's operating performance in that it shows the net gain/loss without the impact of what the Company believes to be a one-time up front cost. Management does not believe such costs are reflective of the Company's ongoing performance and accordingly excludes those items from non-GAAP adjusted net income/loss. -

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA) today reported unaudited financial results for the first fiscal quarter ended April 1, 2014. The Company recorded quarterly comparable store sales(1) increases for Company-owned and franchise-operated stores, driven by increases in average check. Jamba® also reported accelerated expansion of its on-trend fresh-squeezed juice and whole food blending platform, which by quarter end was in 130 units. Strong acceptance of Jamba’s new customer loyalty program attracted more than 500,000 users in its initial two months. Redemptions of Jamba’s million free smoothie and juice promotion, in partnership with ISIS and featuring their Mobile Wallet technology, grew during the quarter to more than 270,000. The Company expects to reach the maximum one million level by fall. Highlights for the 13 weeks ended April 1, 2014, compared to the 13 weeks ended April 2, 2013: Company-owned comparable store sales(1) increased 0.6% for the quarter compared to the prior year period. System-wide comparable store sales(1) increased 0.3% for the quarter and franchise-operated comparable store sales(1) increased 0.1% for the quarter compared to the prior year period. Net loss narrowed sharply to $(0.2) million, or $(0.01) diluted loss per share for the quarter, compared to net loss of $(1.2) million or $(0.11) diluted loss per share for the prior year period. Total revenue for the 13 weeks ended April 1, 2014 was $51.6 million compared to total revenue of $55.7 million for the prior year period. Jamba’s loss from operations decreased $1.1 million to $(0.2) million for the 13 weeks ended April 1, 2014, reflecting Company-owned store comparable sales growth and increased franchise revenue. Operating margin improved by 190 basis points to (0.4)% for the 13 weeks ended April 1, 2014 compared to the prior year period. General and administrative expenses for the 13 weeks ended April 1, 2014 decreased 8.9% to $8.4 million compared with $9.2 million for the prior year period. During the quarter, franchisees opened 11 new stores globally; nine new franchise stores in the U.S. and two new international stores. Within the last four weeks, one store, the first of 80 units planned for Mexico, opened. “Our first quarter results reflect meaningful accomplishments on several fronts,” said James D. White, chairman, president and CEO of Jamba, Inc. “Our same store sales gains were nominal, but outpaced our competitive set by 2-3%. We made excellent progress in the national rollout of our whole food blending and juice platform that we plan to have in over 500 units before year-end. As the popularity of juicing and whole food blends grows, we believe our competitive advantages of brand strength, know-how, development skills and supply chain efficiencies will make Jamba® the leader with a significant advantage over our nearest competitors. While we anticipate results will vary by quarter during this major rollout, we remain confident about our full-year guidance.” Mr. White continued, “Jamba’s use of technology to build customer satisfaction was enhanced with the introduction of the very popular Jamba Insider Rewards loyalty program and the growing appeal of our million-smoothie giveaway that features the ISIS Mobile Wallet with tap-and-pay smartphone technology. We believe this initiative has placed Jamba among the best in class for overall customer satisfaction ratings for two consecutive quarters.” “Importantly, our multifaceted marketing program and product innovations are repositioning the Jamba brand to fully align it with juicing for existing and new consumers. We’re redefining good-for-you fruit and vegetable juices, smoothies and blends as a foundation for active, healthy living,” concluded Mr. White. First Quarter Fiscal 2014 Results Revenue For the 13 weeks ended April 1, 2014, total revenue decreased 7.3% to $51.6 million from $55.7 million in the prior year period. The decrease is primarily due to the reduction in the number of Company-owned stores pursuant to the Company’s refranchising strategy partially offset by the 0.6% increase in Company-owned comparable store sales(1). The number of Company-owned stores at the end of the 13 week periods ended April 1, 2014 and April 2, 2013 was 263 and 300, respectively. The increase in Company-owned comparable store sales(1) of 0.6% was driven primarily by an increase in average check of 650 basis points, partially offset by a decrease in transaction count of 590 basis points. During the 13 week period ended April 1, 2014, franchise-operated comparable store sales(1) increased 0.1%. Franchise and other revenue increased 11.4% to $4.4 million from $3.9 million in the prior year period. JambaGO® and CPG revenue was $1.0 million in both the 13 week periods ended April 1, 2014 and April 2, 2013. Loss from Operations and Operating Margin Jamba’s operating margin improved by 190 basis points to (0.4)% for the first quarter of 2014 compared to (2.3)% for the quarter ended April 2, 2013. On a dollar basis, the $(0.2) million loss from operations for the first quarter of 2014 was a $1.1 million improvement from the $(1.3) million loss from operations in the first quarter of 2013 reflecting the increased franchise and other revenue, reduced general and administration expenses and improved leveraging of fixed costs resulting from the Company-owned store comparable sales growth. Retail Growth As of April 1, 2014, system-wide, Jamba® has 807 stores in the United States, of which 544 are franchise-operated stores, and 263 are Company-owned. Franchise-operated stores include 39 Jamba Smoothie Stations™, our limited menu express format. During the quarter, Jamba opened nine new domestic franchise-operated stores, four non-traditional and five traditional, and two international store locations, one in Canada and one in South Korea. No new Company-owned stores opened during the quarter. During the quarter, eight store locations were closed globally. As of April 1, 2014 there were 47 international store locations, all of which are franchise-operated. During the quarter, over 1,800 JambaGO® units were in operation. As of April 1, 2014, 130 Jamba Juice® store locations offered the fresh-squeezed juice platform and the Company expects this platform to be available at more than 500 store locations by the end of 2014. Liquidity On April 1, 2014, the Company held $25.3 million in cash and cash equivalents as compared to $32.4 million cash and cash equivalents at December 31, 2013. As of April 1, 2014 and April 2, 2013, the Company did not have any restricted cash. Outlook for 2014 The Company continues to expect to achieve the following results for fiscal 2014: Positive Company-owned comparable store sales(1) of 2.0% - 4.0% ; Store-level margin of 18.0% - 19.0%; Operating margin of 2.0% - 3.0%; 60 - 80 new U.S. and international store locations; Up to 1,000 new JambaGO installations. Webcast and Conference Call Information A conference call to review the first quarter 2014 results will be held today, May 8, 2014 at 5:00 p.m. ET. The conference call can be accessed live over the phone by dialing (877) 941-8418 or for international callers by dialing (480) 629-9809. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 4680108. The replay will be available until May 29, 2014. The call can be accessed from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba, Inc. Jamba, Inc., (the “Company”) owns and franchises Jamba Juice® stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh-squeezed juices and juice blends, hot teas and a variety of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, baked goods and snacks. As of April 1, 2014, there were 854 store locations globally. There were 263 Company-owned and operated stores and 544 franchise-operated stores in the United States, and 47 franchise-operated international stores. Jamba Juice Company expanded the Jamba brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba® outlets in the United States. Fans of Jamba Juice® can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.JambaJuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848). Forward-Looking Statements This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company’s management. Words such as “outlook”, “believes”, “expects”, “appears”, “may”, “will”, “should”, “anticipates”, or the negative thereof or comparable terminology, are intended to identify such forward looking statements. Any statement that is not a historical fact, including the statements made under the caption “Outlook for 2014” and any other estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to factors discussed under the section entitled “Risk Factors” in the Company’s reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond the Company’s control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release. Non-GAAP Financial Measures The Company provides certain supplemental non-GAAP financial measures to its investors as a complement to the most comparable GAAP measures. The Company believes that providing these non-GAAP measures to its investors, in addition to corresponding GAAP income statement measures, provides investors the benefit of viewing the Company's performance using the same financial metrics that the management team uses in making many key decisions and understanding how the Company's core business operations may perform and may look in the future. The non-GAAP financial measures are discussed further in Footnotes below. Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States of America. Non-GAAP measures should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. Footnotes (1) Comparable store sales are calculated using sales of Jamba Juice® stores open more than one full year. Company-owned comparable store sales percentages are based on sales from Company-owned stores included in our store base. Franchise-operated comparable store sales percentages are based on sales from franchised stores, as reported by franchisees, which are included in our store base. System-wide sales percentages are based on sales by both Company-owned and franchise-operated stores, as reported by our franchisees, which are included in our store base. Company-owned stores that were sold in refranchising transactions are included in the Company-owned store base for each accounting period of the fiscal quarter to the extent the sale is consummated at least three days prior to the end of such accounting period, but only for the days such stores have been Company-owned. Thereafter, such stores are excluded from the store base until such stores have been franchise-operated for at least one full fiscal period, at which point such stores are included in the franchise-operated store base and compared to sales in the comparable period of the prior year. Comparable store sales exclude closed locations. Company-owned comparable store sales percentages as used herein, may not be equivalent to Company-owned comparable store sales as defined or used by other companies. Franchise-operated comparable store sales percentages and system-wide sales percentages as used herein are non-GAAP financial measures and should not be considered in isolation or as substitute for other measures of performance prepared in accordance with generally accepted accounting principles in the United States. Management reviews the increase or decrease in Company-owned comparable store sales, franchise-operated comparable store sales and system-wide sales compared with the same period in the prior year to assess business trends and make certain business decisions. The Company believes the data is useful in assessing the overall performance of the Jamba® brand and, ultimately, the performance of the Company, the Company-owned stores, and franchise-operated stores. Share and per share data have been adjusted for all periods presented to reflect a five-for-one reverse stock split effective May 31, 2013. Share and per share data have been adjusted for all periods presented to reflect a five-for-one reverse stock split effective May 31, 2013.

EMERYVILLE, Calif.--(BUSINESS WIRE)--Jamba, Inc. (NASDAQ:JMBA) today reported unaudited financial results for the fourth quarter and fiscal year ended December 31, 2013. Jamba demonstrated renewed momentum in the quarter and delivered on a majority of its strategic and financial targets, including a third consecutive year of comparable store sales growth for Company-owned stores and a second year of net income since becoming a public company. Key growth drivers all performed solidly with JambaGO more than doubling in size with the addition of over 1,000 units, international showing strong growth in all countries and adding two new markets in the Middle East and Mexico, and the Premium Juice and Whole Food Blending platform exceeding test market projections. The Company also had significant growth and expansion in its domestic franchise markets through refranchising, development agreements and opening franchise stores in several new states. “The fourth quarter demonstrated the power of our brand and progress we’ve made with many of our strategic priorities and initiatives. We’re also pleased with our results for 2013, which was the third consecutive year that we’ve reported an increase in Company-owned comparable store sales and our second consecutive year of profitability,” said James D. White, chairman, president and CEO. “2014 is shaping up to be a very busy year with our launch of our Premium Juice and Whole Food Blending platforms across the country to more than 500 stores, the continued expansion of our JambaGO platform and domestic and international locations as well as pursuing an enterprise-wide cost savings initiative that we expect will result in a 100 - 200 basis point improvement in operating margins.” “This progress came in the face of ongoing constraints on consumer spending, some adverse weather and stiff competition. We are very confident about Jamba’s future, especially since our brand awareness continues to increase and is now at the highest levels in recent company history,” Mr. White said. Highlights for the 52 weeks ended December 31, 2013, compared to the 52 weeks ended January 1, 2013: Net income improved by $1.8 million to $2.1 million compared to a net income of $0.3 million for the prior year. Company-owned comparable store sales(1) increased 0.5% for the year compared to the prior year. System-wide comparable store sales(1) decreased 0.1% and franchise-operated comparable store sales(1) decreased 0.6% for the year compared to the prior year. Total revenue for the year increased 0.2% to $229.2 million from $228.8 million for the prior year. Income from operations was $ 2.4 million and operating margin was 1.0% for the year. General and administrative expenses decreased by $3.0 million to $37.8 million for the year compared to $40.8 million for the prior year. 52 new franchise-operated stores opened in the U.S. during the year. Jamba’s international franchise operators opened 15 stores, during the year. Highlights for the 13 weeks ended December 31, 2013, compared to the 13 weeks ended January 1, 2013: Net loss improved by $1.2 million to $(5.7) million compared to a net loss of $(6.9) million for the prior year period. Company-owned comparable store sales(1) increased 3.4% for the quarter compared to the prior year period. Franchise-operated comparable store sales(1) decreased 2.1% for the quarter compared to the prior year period. System-wide comparable store sales(1) increased 0.3% for the quarter compared to the prior year period. Total revenue for the fourth quarter was $44.1 compared to $44.2 million in the prior year period. General and administrative expenses for the quarter decreased $1.7 million to $10.0 million from $11.6 million for the prior year period. Nine new franchise stores opened in the U.S. and three new international stores opened during the quarter. Results for Fiscal Year 2013 Revenue For the fiscal year ended December 31, 2013, total revenue increased 0.2% to $229.2 million from $228.8 million in the prior year due primarily to the 0.5% increase in Company-owned comparable store sales(1) and increased CPG and JambaGO revenue. This was partially offset by the net reduction in Company-owned stores due to the Company’s refranchising strategy. The increase in Company-owned comparable store sales(1) of 0.5% was driven primarily by an increase in average check of 240 basis points partially offset by a decrease in transaction count of 190 basis points. During fiscal year ended December 31, 2013, franchise-operated comparable store sales(1) decreased 0.6%. Franchise and other revenue increased 19.7% to $16.4 million from $13.7 million in the prior year primarily due to the net addition of 75 new and refranchised domestic and international franchise-operated stores and increases in CPG and JambaGO revenue of $1.6 million. Jamba’s CPG and JambaGO revenue was $ 3.8 million in fiscal 2013, compared to $2.2 million in the prior year. Income from Operations and Operating Margin Jamba’s operating margin was 1.0% for the year compared to 0.3% for the prior year, an increase of 70 basis points. Income from operations for the year was $2.4 million compared to $0.6 million for the prior year, a 286% increase, reflecting the effects of increased Company-owned comparable store sales, the increased franchise and other revenue and reduced general and administrative expenses. Retail Growth As of December 31, 2013, system-wide, Jamba has 803 stores in the United States, of which 535 are franchise-operated and 268 are company-owned. Franchise-operated stores include Jamba Smoothie Stations™, the new limited menu express format. As of December 31, 2013, there were 36 smoothie station locations. During the year, Jamba opened 52 new domestic franchise-operated stores, consisting of 10 traditional, 42 non-traditional, including 25 smoothie stations; and 15 international store locations. During the year, two new company-owned stores opened. Whole Food Blending and fresh-squeezed Premium Juice were offered at 64 California locations as of December 31, 2013. At year end, there were 48 international store locations, all of which are franchise-operated. As part of the growth strategy, Jamba entered into development agreements with new and existing franchisees domestically that included the refranchise of 31 locations and the development of 80 new store locations. Fourth Quarter Fiscal 2013 Results Revenue For the fourth quarter ended December 31, 2013, total revenue was essentially flat at $44.1 million compared to the $44.2 million in the prior year period. The increase from the prior year in Company-owned comparable stores sales(1), franchise revenue due to 22 additional new and refranchised domestic and international franchise-operated stores, net, and a 13.6% increase in CPG and JambaGO revenue, are slightly offset by the 2.1% decrease in franchise-operated comparable store sales(1). Jamba’s CPG and JambaGO revenue was $0.9 million in the fourth quarter of 2013, compared to $0.8 million in the prior year period. Franchise and other revenue increased 7.8% to $3.7 million from $3.4 million in the prior year period. In the fourth quarter of 2013, the Company-owned comparable store sales(1) increase of 3.4% was driven primarily by an increase in average check of 490 basis points, partially offset by a decrease in transaction count of 150 basis points. Income from Operations and Operating Margin Jamba’s operating margin improved by 230 basis points, to -14.3% for the quarter compared to -16.6% for the prior year period. Loss from operations for the quarter improved by 14.0% to $6.3 million compared to $7.3 million for the prior year period, reflecting the effects of increased Company-owned comparable store sales, the increased franchise revenue and reduced general and administrative expenses. Retail Growth During the quarter, Jamba opened nine new domestic franchise-operated stores consisting of four traditional and, five non-traditional venues, and three international store locations, one in the Philippines and two in South Korea. No new Company-owned store opened. During the fourth quarter JambaGO was launched in more than 1,000 Target cafe locations across the nation, bringing the total number of units to 1,851. Jamba entered into a master franchise development agreement with Foodmark, a subsidiary of Landmark Group, to develop 80 Jamba Juice stores across the Middle East region over the next ten years. The first Jamba Juice store is expected to open in Dubai during the second half of 2014. Liquidity On December 31, 2013, the Company held $32.4 million in cash and cash equivalents compared to $31.5 million cash and cash equivalents at January 1, 2013. On December 31, 2013, the Company had no restricted cash balance compared to $0.2 million at the end of fiscal 2012. Guidance for 2014 The Company continues to expect to achieve the following results for fiscal 2014: Positive company-owned comparable store sales(2) of 2.0% - 4.0% ; Store-level margin of 18.0% - 19.0%; Operating margin of 2.0% - 3.0%; 60 - 80 new U.S. and international store locations; Up to 1,000 new JambaGO installations. Webcast and Conference Call Information A conference call to review the fourth quarter and full year 2013 results will be held today, March 6, 2014 at 5:00 p.m. ET. The conference call can be accessed live over the phone by dialing (877) 941-1427 or for international callers by dialing (480) 629-9664. A replay will be available at 8:00 p.m. ET and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the pin number is 4668504. The replay will be available until March 27, 2014. The call can be accessed from the Company’s website at www.jambajuice.com under the Corporate Investor Relations section or directly at http://ir.jambajuice.com. About Jamba, Inc. Jamba, Inc., (the “Company”) owns and franchises Jamba Juice stores through its wholly-owned subsidiary, Jamba Juice Company. Jamba Juice Company is a leading restaurant retailer of better-for-you, specialty beverage and food offerings, which include great tasting, whole fruit smoothies, fresh squeezed juices and juice blends, hot teas and a variety of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™ , baked goods and snacks. As of December 31, 2013, there were 851 store locations globally. There were 268 Company-owned and operated stores and 535 franchise-operated stores in the United States, and 48 international stores. Jamba Juice Company expanded the Jamba brand by direct selling of consumer packaged goods (“CPG”) and licensing its trademarks. CPG products for at-home enjoyment are also available online, through select retailers across the nation and in Jamba outlets in the United States. Fans of Jamba Juice can find out more about Jamba Juice's locations as well as specific offerings and promotions by visiting the Jamba Juice website at www.JambaJuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848). Forward-Looking Statements This press release (including information incorporated or deemed incorporated by reference herein) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations, estimates, forecasts, and projections as well as the current beliefs and assumptions of the Company’s management. Words such as “outlook”, “guidance”, “believes”, “expects”, “appears”, “may”, “will”, “should”, “anticipates”, or the negative thereof or comparable terminology, are intended to identify such forward looking statements. Any statement that is not a historical fact, including the statements made under the caption “Guidance for 2014” and any other estimates, projections, future trends and the outcome of events that have not yet occurred, is a forward-looking statement. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. Therefore actual results may differ materially and adversely from those expressed in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to factors discussed under the section entitled “Risk Factors” in the Company’s reports filed with the SEC. Many of such factors relate to events and circumstances that are beyond the Company’s control. You should not place undue reliance on forward-looking statements. The Company does not assume any obligation to update the information contained in this press release. Non-GAAP Financial Measures The Company provides certain supplemental non-GAAP financial measures to its investors as a complement to the most comparable GAAP measures. The Company believes that providing these non-GAAP measures to its investors, in addition to corresponding GAAP income statement measures, provides investors the benefit of viewing the Company's performance using the same financial metrics that the management team uses in making many key decisions and understanding how the Company's core business operations may perform and may look in the future. The non-GAAP financial measures are discussed further in the Footnote below. Non-GAAP financial measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States of America. Non-GAAP measures should not be considered in isolation from or as a substitute for financial information presented in accordance with generally accepted accounting principles, and may be different from non-GAAP measures used by other companies. Footnotes: Series B redeemable preferred stock, $.001 par value, 304,348 shares authorized; 0 and 72,889 shares issued and outstanding at December 31, 2013 and January 1, 2013, respectively. Common stock, $.001 par value, 30,000,000 shares authorized; 17,154,655 and 15,481,782 shares issued and outstanding at December 31, 2013 and January 1, 2013, respectively. December 31, 2013 January 1, 2013 December 31, 2013 January 1, 2013 Weighted-average shares used in computation of (loss) earnings per share: