Jamba Inc, which owns and franchises Jamba Juice stores through its wholly-owned subsidiary Jamba Juice Company, has reported total revenue of $67.3m, an increase of 1.9%, in the second quarter (Q2) ended 2 July 2013 compared to $66m during the same period in 2012.
This increase is driven by the 2.2% increase in company-owned comparable store sales and increased franchise revenue and CPG sales.
The juice retailer has also posted total revenue of $122.3m in the first half (H1) of 2013 compared to the total revenue of $119m in the same period in 2012.
Q2 net income after dividends was $6.2m, an increase of 51%, as against the operating profit of $4.1m in the prior year period.
During the quarter, franchisees opened 11 new stores globally; nine new franchise-operated stores, which include six smoothie stations, in the US and two new international stores. Two company-owned stores were opened.
Jamba Inc chairman, president and CEO James White said that the growth in the quarter was driven by the company's growth initiatives such as fresh juice expansion, store re-imaging, consumer products, global franchise development and express retail concepts.
"Several longer term efforts, including supply chain and labor optimization programs, organization structure and marketing and pricing initiatives, were launched during the quarter, and we expect that these efforts will yield positive results in 2013 and beyond," White added.
As of 2 July 2013, system-wide, Jamba has 787 stores in the US, of which 492 are franchise-operated stores and 295 are company-owned. Franchise-operated stores include Jamba Smoothie Stations.
