Shares of Jamba have fallen following last week’s earnings report. Is now the time to pick
up shares in the turnaround juice shop?
Jamba reported tepid second-quarter earnings last Tuesday, missing expectations by several cents. Company-owned comparable-store sales dropped 2.4% from the previous quarter, and operating expenses increased markedly over last year.
Fallen sales and narrowing margins are terrible news, especially for a turnaround… right?
Not quite… read on.