Jamba, Inc. (JMBA) Issues Business Update
Jamba, Inc. issued a business report on the company’s activities in the United States, including updated financial and operational data. Jamba confirmed that the company’s growth in same store sales for fiscal 2011 will be within the previously stated range of 2% to 4%, with a strong likelihood that this growth will be towards the high end of that range. The company also expects to achieve same store sales growth between 3% and 4% in fiscal 2012. Jamba plans to expand the company’s store base in fiscal 2012, and open between 50 and 65 new store locations. These new stores…