Jamba Juice 2009 Annual Report Download - page 56
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Table of Contents
(in 000’s)
Labor costs $102,661 33.5% $8,524 38.6% $ 83,778 32.4%
Labor costs are comprised of store management salaries and bonuses, hourly team member payroll and training costs, and other payroll-related items.
The increase of labor costs as a percentage of Company Stores revenue on a proforma basis is primarily associated with federal and state minimum wage
increases and decreased leverage due to lower California Company Stores comparable sales, partially offset by menu price increases taken in fiscal 2007. On a
reported basis, labor costs decreased as a percentage of Company Store revenue in fiscal 2007 as compared to fiscal 2006 as a result of prior year deleverage
resulting from lower sales in the slower Winter months, which include the six week period from the Merger to the end of fiscal 2006.
(in 000’s)
Rent $30,224 $2,906 $25,142
Common area maintenance, real estate taxes, and
insurance 7,234 684 5,763
Total occupancy costs $ 37,458 12.2% $3,590 16.3% $ 30,905 12.0%
Occupancy costs include both fixed and variable portions of rent, real estate taxes, property insurance and common area maintenance charges for all
Company Store locations. The increase of occupancy costs as a percentage of Company Stores revenue on a proforma basis is primarily associated with
occupancy costs in certain geographic regions outpacing initial sales volumes of new Company Stores in those regions. On a reported basis, occupancy costs
decreased in fiscal 2007 as compared to fiscal 2006 as a result of prior year deleverage resulting from lower sales in the slower Winter months, which include
the six week period from the Merger to the end of fiscal 2006.
(in 000’s)
Marketing expenses $9,600 $1,599 $ 5,338
Utilities 9,325 748 7,700
Repairs and maintenance 4,144 455 3,016
Credit card fees 3,504 260 2,592
Other 13,369 1,160 11,965
Total store operating expenses $39,942 13.1% $ 4,222 19.1% $30,611 11.9%
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