Jamba Juice 2014 Annual Report Download - page 44

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Revenue:
Company Stores $ 198,737 91.1% $ 212,887 92.9% $ 215,125 94.0%
Franchise and other revenue 19,311 8.9% 16,362 7.1% 13,664 6.0%
Total revenue $ 218,048 100.0% $ 229,249 100.0% $ 228,789 100.0%
Fiscal Year 2014 to Fiscal Year 2013
Total revenue in fiscal 2014 was $218.0 million, a decrease of $11.2 million or 4.9%, compared to $229.2 million in fiscal 2013. Total revenue is
comprised of revenue from Company Stores, royalties and fees from Franchise Stores in the U.S. and from International Stores, income from JambaGO®
locations, license income from sales of Jamba-branded CPG products and direct sales of CPG products.
Company Store revenue
Company Store revenue in fiscal 2014 was $198.7 million, a decrease of $14.2 million or 6.6% compared to $212.9 million in fiscal 2013. The decrease
in Company Store revenue is primarily due to the net reduction in Company Stores due to our refranchising strategy, partially offset by the increase in
comparable store sales, as illustrated by the following table:
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Company Store comparable sales increase $ 5,306
Reduction in Company Store revenue due to decrease in the number of Company Stores, net (19,456)
Total change in Company Store revenue $ (14,150)
Company Store comparable sales increased $5.3 million in fiscal 2014, or 2.8%, primarily attributable to an increase of 4.7% in average check offset by a
decrease of 1.9% in transaction count. Company Store comparable sales represents the change in year-over-year sales for all Company Stores opened for at
least one full fiscal year. As of December 30, 2014, 100% of our Company Stores had been open for at least one full fiscal year. The percentage change in
Company Store comparable sales compares the sales of Company Stores during the fiscal year to the sales from the same Company Stores for the equivalent
prior year period.
Franchise and other revenue
Franchise and other revenue in fiscal 2014 was $19.3 million, an increase of $3.0 million, or 18.0%, compared to franchise and other revenue of $16.4
million in fiscal 2013 primarily due to an increase in JambaGO® income and the net increase in the number of Franchise and International Stores.
The number of Franchise Stores and International Stores grew to 605 as of December 30, 2014 compared to 583 as of December 31, 2013.
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