Jamba, Inc., through its wholly-owned subsidiary, Jamba Juice Company, owns, operates, and franchises Jamba Juice stores worldwide. The company has a portfolio of franchised and company-owned Jamba Juice stores and licensed JambaGO and Jamba Juice Express formats. The Jamba brand includes product platforms and both licensed and company driven consumer packaged goods. Jamba Juice Company expands the Jamba brand by direct selling of consumer packaged goods (CPG) products, and by licensing its trademarks for CPG products sold through retail channels, such as grocery stores, warehouse clubs, and convenience stores. As of December 29, 2015, there were 893 Jamba Juice stores globally, consisting of 70 company-owned and operated stores, all located in the United States, 748 franchisee-owned and operated stores (franchise stores) in the United States, and 75 franchise stores in international locations. The JambaGO business consists of approximately 2,000 licensed units located across the United States. JambaGO units are typically installed in K-12 schools, colleges, universities, Target Cafes, as well as other captive venues. As of December 29, 2015, Jamba Juice had a retail consumer products program that included direct selling of CPG products under the Jamba brand name, and licensing its trademarks to CPG products sold through retail channels, such as grocery stores, warehouse clubs and convenience stores. The company, through its franchising program, offers franchisees choices in store location, format and number of stores they wish to operate, including traditional stores; non-traditional store venues such as mall, university, supermarket or transportation center locations; and multi-unit development agreements which grant the franchisee exclusive rights to develop and operate a specified number of stores within a specified period of time and geographic area. As of December 29, 2015, the company had 32 development agreements that contain rights to develop additional franchise stores. The exclusive territories covered by these agreements include selected markets in the states of Arizona, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Kansas, Louisiana, Minnesota, Missouri, Nevada, New York, North Carolina, Oregon, Pennsylvania, Tennessee, Utah, Washington, and Wisconsin. As of December 29, 2015, the company had 7 master developers with commitments to open an aggregate of 560 stores internationally, 200 planned during the next three to 4 years. As of December 29, 2015, the company had international master development agreements with partners in Indonesia, Thailand, South Korea, the Philippines, Mexico and the countries of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The Jamba Juice Express concept is designed to target venues with a smaller footprint. Jamba Juice Express units offer a limited menu of the brand’s top selling smoothies and juices as compared to the company’s traditional stores. Its Jamba Juice Express platform is ideally suited for venues, such as colleges and universities, grocery stores, airports, hospitals and business cafeterias. As of December 29, 2015, there were 42 Jamba Juice Expresses open in 19 states. Jamba Juice Expresses fall within the non-traditional store category and are included in the total Franchise Stores count. The JambaGO concept targets venues servicing captive audiences. The JambaGO format is a small footprint, low-capital and low-labor machine format, and has a solution for food service providers seeking healthier beverage options for their constituents. The typical venue for a JambaGO unit has a significant demand for high volumes, requires high-speed service, where a full-sized Jamba Juice store or kiosk would not be feasible. Such venues include retail store cafes or restaurants, K-12 schools, colleges and universities, grocery and convenience stores, stadiums, theaters, event centers and select airport locations. The JambaGO format has been enabling Jamba to rapidly expand brand presence. As of December 29, 2015, the number of JambaGO units in operation included approximately 2,000. As of December 29, 2015, the company had 818 Jamba Juice store locations in the United States, operating in 34 states and Washington, D.C. Trademarks and Domain Names The company owns and/or has applied to register various trademarks and service marks in the United States and in other jurisdictions throughout the world. Some of its trademarks, including Jamba Juice and the Jamba logo are of material importance to the company. The company has registered and maintains various Internet domain names, including jamba.com and jambajuice.com. Seasonality The company’s business is subject to day-to-day volatility based on weather and varies by season. A significant portion of the company’s revenue is realized during the second and third quarters of the fiscal year, which include the summer months. The fourth quarter of the fiscal year, which encompasses the winter months and the holiday season, has traditionally been its lowest revenue volume quarter. Government Regulation The company is subject to the U.S. Fair Labor Standards Act, the U.S. Immigration Reform and Control Act of 1986 and various federal and state laws governing various matters, including minimum wages, overtime meal and rest periods, accommodations to certain employees, and other working conditions. History Jamba, Inc. was founded in 1990.
(JMBA:Consolidated Issue listed on NASDAQ Global Market)
6475 Christie Avenue
Emeryville, CA 94608
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