Jamba Cuts Guidance - Quick Facts

(RTTNews) - Juice company Jamba Inc. (JMBA) Monday cut its outlook for fiscal year 2013, citing constraints on consumer spending, adverse weather in key markets and increased competition.

The company now expects expects system-wide same store sales in 2013 to be flat to 1%, store-level margins to be 16% to 17%. Earlier, it forecast company-owned comparable store sales of 4%-6% and store-level margin of 20%.

"Our analysis shows that a consumer spending slowdown reduced third quarter comparable store sales comparisons for company stores by 3% to 4%," the company said in a statement.

The company said that preliminary forecasts for 2014 show solid growth with system-wide same store sales of 2% to 4%; store-level margin of 18% to 19%; operating margin of 2% to 3%; domestic and international openings of 60 to 80 new stores.