Jamba Juice Company, a subsidiary of
), recently announced its entry into Missouri (MO) and Kansas
(KS) markets in association with ShowMe Smoothie, LLC. Per the
deal, 15 Jamba Juice stores will be launched over the next nine
years. The terms of the deal were not disclosed.
Both the states have a promising restaurant industry. As per the
National Restaurant Association, the restaurant sector in MO and
KS is likely to generate around $8.8 and $3.7 billion of revenues
for 2012, respectively.
Hence, these two Midwestern US states are deemed strategically
apt for development. Kansas City, MO is also home to a peer of
Jamba, Applebee's International, a concept of
The development partner, ShowMe Smoothie, will also serve as a
representative of JambaGo express smoothie units and smoothie
station concepts in these two states.
Jamba Juice had more than 788 stores around the global, as of
October 2, 2012 and the company is currently on an expansion
spree. It has plans to open the new stores through both new and
In November last year, Jamba announced a massive expansion plan
in its home state of California for the next six to seven years.
The company's Californian growth plans include the launch of up
to 120 stores in more than 100 business areas and 25 mall
locations across Northern, Central and Southern CA.
Jamba's plan was to open 40-50 new stores in the U.S. locations
and 15 new stores internationally in 2012. For 2013, the company
plans to further speed up its development process by opening 60
to 80 U.S. and international stores.
Jamba, currently carries a Zacks Rank #3 (Hold). However, some
restaurant companies which are expected to perform well, include
Krispy Kreme Doughnuts Inc.
) carrying a Zacks Rank #1 (Strong Buy) and
AFC Enterprises Inc.
) carrying a Zacks Rank #2 (Buy).
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