Jamba Juice 2009 Annual Report Download - page 37

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. We believe we are the leading retailer of premium quality blended-to-order fruit smoothies, squeezed-
to-order juices, blended beverages and healthy snacks. As of December 30, 2008, we had 729 Jamba Juice stores, of which 511 were Company Stores and
218 were Franchise Stores.
We 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 January 10, 2006 to our most recent fiscal year end, which was December 30, 2008. The most recent of the four fiscal periods is our fiscal year ended
December 30, 2008. The prior period presented is our fiscal year ended January 1, 2008. The second 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. Finally, the fourth 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.
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Our fiscal year ends on the Tuesday closest to December 31 st and therefore we have a 52 or 53 week fiscal year with the first fiscal quarter being sixteen
weeks, the second and third quarters being twelve weeks, and the fourth quarter being twelve or thirteen weeks. Effective June 7, 2007, we changed our fiscal
year end from the second Tuesday following December 31 and, as a result, the fourth fiscal quarter of fiscal 2007 was an eleven-week period. We believe 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 our 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 2008 January 2, 2008 to December 30, 2008 52
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
All references to store counts, including data for new store openings, are reported net of related store closures, unless otherwise noted.
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