Jamba Ventures into Mexican Market - Analyst Blog
March 13 2013 - 1:50PM
Zacks
Jamba Juice Company, a subsidiary of Jamba Inc.
(JMBA), is planning a massive expansion in Mexico by launching 80
Jamba Juice units over the next 10 years. In this regard, Jamba and
Casa Operadora de Franquicias MAV S.A.P.I de C.V (MAV) has struck a
franchise development contract.
The company is slated to unveil the first Mexican Jamba Juice
store by the end of 2013. Management has chosen Mexico in order to
capture increasing opportunities in its growing beverage market.
This association will help the company further enhance the number
of its franchise stores.
At the end of 2012, Jamba owns 774 stores, of which 473 were
franchised and 301 Company-owned. In 2013, Jamba plans to set up 60
to 80 new stores in the international locations. Currently, 400
Jamba units are under development in South Korea, Canada, the
Philippines and Mexico.
Jamba has always remained focused on expansion and expects
accelerated growth in both core existing markets as well as new
geographic areas. In January, Jamba Juice announced its entry into
Missouri and Kansas markets in association with ShowMe Smoothie,
LLC. Per the deal, 15 Jamba Juice stores will be launched over the
next nine years.
Jamba reported a loss of 9 cents per share in the fourth quarter
of 2012; a penny better than the Zacks Consensus Estimate and also
ahead of the year-ago quarter’s loss of 15 cents per share. The
company’s growing operational efficiency was primarily responsible
for the bottom line improvement during the quarter. Total revenues
in the quarter remained almost flat year over year at $44.2
million.
Jamba currently retains a Zacks Rank #3 (Hold). Another
restaurateur Red Robin Gourmet Burgers Inc.’s
(RRGB), adjusted earnings in the fourth quarter of 2012 were way
ahead of the Zacks Consensus Estimate as well as the year-ago
quarter’s earnings. Red Robin Gourmet currently carries a Zacks
Rank #1 (Strong Buy).
Other restaurant companies like Krispy Kreme Doughnuts,
Inc. (KKD) and Burger King Worldwide,
Inc. (BKW) both with a Zacks Rank #2 (Buy) are
expected to perform well going forward.
BURGER KING WWD (BKW): Free Stock Analysis Report
JAMBA INC (JMBA): Free Stock Analysis Report
KRISPY KREME (KKD): Free Stock Analysis Report
RED ROBIN GOURM (RRGB): Free Stock Analysis Report
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