Jamba Juice Reiterates FY13 Guidance; Announces 2014 Strategic Priorities

(RTTNews) - Jamba Juice Co. (JMBA) reiterated fiscal year 2013 guidance, including Company comparable store sales guidance range of flat to 1%. The company also released strategic priorities and initiatives that will guide Jamba's growth in 2014.

For fiscal 2014, the company said it expects to deliver positive Company-owned comparable store sales of 2%-4%, store-level margin of 18% to 19%. The company also expects to achieve income from operations of 2.0% to 3.0%, and add 1,000 JambaGO machine sites.

Jamba said it will continue to provide a superior customer experience that will build loyalty across the enterprise. The highlight will be the rollout of whole food blending and juicing to over 300 system wide stores in 2014.

In addition, the company just announced an agreement for 80 stores over the next 10 years in the Middle East. This will bring the total number of international stores to 480 over time.

The company noted that it will continue to build upon new markets and channels in 2014. In 2013, Jamba also expanded its flexible format solution, JambaGO, that will facilitate rapid growth of healthy menu options into K-12 schools, retail and convenience venues.

As a result, the company said it partnered with Target to add JambaGo units to over 1,000 Target store locations, bringing Jamba's installations to 1,800 by the end of the year. In 2014, Jamba also will extend the product portfolio into new channels and markets through the CPG license program that was started three years ago and includes the Jamba branded frozen smoothie kits and naturally boosted energy drink.