Jamba Turns In Solid Quarter; Turnaround on Track

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>>Jamba (JMBA) reported Q2 2011 earnings Tuesday. A quick look at some of the highlights:

• Total revenues decreased 20.5% to $58.9 million, from $74.1 million in Q2 2010. As a reminder, the decline in revenues is mainly due to the company’s refranchising initiative, started in 2009. Revenues exceeded analysts expectations ($ 56.02 million).
• In Q2 company-owned comparable-store sales increased 4.3%, system-wide comparable-store sales increased 2.9% and franchise-operated comparable-store sales increased 1.4%, compared to the prior year period.