Jamba Juice 2008 Annual Report Download - page 33

Table of Contents
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You should read the following discussion together with Part II, Item 6 “Selected Financial Data” and our audited consolidated financial
statements and the related notes thereto included in Item 8 “Financial Statements and Supplementary Data”. In addition to historical consolidated
financial information, this discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Actual results could differ from
these expectations as a result of factors including those described under Item 1A, “Risk Factors,” “Special Note Regarding Forward-Looking
Statements” and elsewhere in this Form 10-K.
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Jamba, Inc. (formerly called Services Acquisition Corp. International, “SACI”) is a holding company and through its wholly-owned subsidiary, Jamba
Juice Company, owns and franchises Jamba Juice stores. The Company believes it is the leading retailer of premium quality blended-to-order fruit smoothies,
squeezed-to-order juices blended beverages and healthy snacks. As of January 1, 2008, the Company had 707 stores, of which 501 were Company-owned
(“Company Stores”) and 206 were franchisee-owned.
Jamba, Inc. acquired Jamba Juice Company on November 29, 2006 through a merger transaction. The merger transaction was accounted for as a
purchase business combination with Jamba, Inc. acquiring Jamba Juice Company.
We are providing results of operations for both the Company and Jamba Juice Company. Our results of operations are presented for four fiscal periods
from the date of inception, which was January 6, 2005, to our most recent fiscal year end, which was January 1, 2008. The most recent of the four fiscal
periods is our fiscal year ended January 1, 2008. The prior period presented is our fiscal year ended January 9, 2007, which, because of our acquisition of
Jamba Juice Company on November 29, 2006, include the operations of Jamba Juice Company for a six-week period from November 29, 2006 to January 9,
2007. The third fiscal period presented is the ten day transition period from January 1, 2006 to January 10, 2006 which resulted from our initial change in
fiscal year which we had implemented with the acquisition. Finally, the fourth fiscal period covered is from our date of inception, January 6, 2005, to
December 31, 2005, which was our fiscal 2005 year end.
Effective June 7, 2007, the Company changed its fiscal year, from the second Tuesday following December 31 to the Tuesday closest to December 31.
In fiscal 2007, the Tuesday closest to December 31 was January 1, 2008. The first fiscal quarter is sixteen weeks, the second and third quarters are twelve
weeks, and the fourth quarter is twelve or thirteen weeks. On a going forward basis, the Company will therefore have a 52 or 53 week fiscal year. Because of
the new fiscal year calendar, the fourth quarter of fiscal 2007 was an eleven-week period. The Company believes that the one week difference in our fiscal year
change is insignificant for comparison purposes and would not be material to reporting the overall financial condition or operating results of the Company as a
whole. Unless otherwise stated, references to years in the report relate to fiscal years rather than to calendar years. The following fiscal periods are presented in
this report.
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Fiscal Year 2007 January 10, 2007 to January 1, 2008 51
Fiscal Year 2006 January 11, 2006 to January 9, 2007 52
Transition Period January 1, 2006 to January 10, 2006
Fiscal Year 2005 January 6, 2005 (inception) to December 31, 2005 51
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