Jamba Juice 2008 Annual Report Download - page 30
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Table of Contents
The table below summarizes the Company’s recent financial information. The historical information was derived from the audited consolidated
financial statements of Jamba, Inc. and subsidiary for the fiscal year ended January 1, 2008, January 9, 2007, the transition period of January 1 through
January 10, 2006 and the period beginning with Jamba, Inc.’s inception (January 6, 2005) through December 31, 2005. The information for Jamba, Inc. for
the fiscal year ended January 9, 2007 includes the operations for Jamba Juice Company from November 29, 2006 through January 9, 2007. The data set
forth below should be read in conjunction with the consolidated financial statements and notes thereto in Item 8 and with Management’s Discussion and
Analysis of Financial Condition and Results of Operations in Item 7.
Revenue:
Company stores $306,035 $ 22,064 $ — $ —
Franchise and other revenue 11,174 1,051 — —
Total revenue 317,209 23,115 — —
Operating expenses:
Cost of sales 84,226 6,039 — —
Labor costs 102,661 8,524 — —
Occupancy costs 37,458 3,590 — —
Store operating expense 40,449 4,222 — —
Depreciation and amortization 19,168 1,878 — —
General and administrative expense 48,384 6,195 — —
Store pre-opening expense 5,863 285 — —
Other operating expense 6,567 675 — —
Goodwill and other intangible asset impairment 200,624 — — —
Formation and operating costs — — 6 197
Total operating expenses 545,400 31,408 6 197
Loss from operations (228,191) (8,293) (6) (197)
Other income (expense):
Gain (loss) on derivative liabilities 59,424 (57,383) 173 2,125
Interest income 3,517 4,177 92 1,453
Interest expense (181) (71) — —
Total other income (expense) 62,760 (53,277) 265 3,578
Income (loss) before income taxes (165,431) (61,570) 259 3,381
Income tax benefit (expense) 52,135 2,544 38 (85)
Net income (loss) $(113,296) $(59,026) $297 $3,296
Weighted-average shares used in the computation of
earnings per share:
Basic 52,323,898 24,478,384 21,000,000 11,777,489
Diluted 52,323,898 24,478,384 23,703,268 13,049,709
Earnings (loss) per share:
Basic $(2.17) $(2.41) $0.01 $0.28
Diluted $(2.17) $(2.41) $0.01 $ 0.25
(1) Due to the Company’s change in fiscal year, the fiscal year ended January 1, 2008 contains the results of operations for a 51-week year.
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