Earnings ·
Jersey Mike’s Q3 revenue rises 10% to $209M; declares $0.35 special dividend and authorizes $100M buyback
JMKEJersey Mike's Subs Inc.
Jersey Mike’s Subs Inc. reported third-quarter fiscal 2026 total revenue of $209 million, a 10% increase year over year, driven by an 8.8% net store growth to 3,456 locations and a 3.0% rise in same-store sales. The company posted adjusted EBITDA of $125 million and adjusted EPS of $0.23, though GAAP net income declined to $10 million due to a $29 million one-time equity-based compensation charge related to its recent IPO. Additionally, the board approved a special cash dividend of $0.35 per share payable on November 19, 2026, and authorized up to $100 million in share repurchases. Jersey Mike’s operates as a leading fast-casual restaurant franchisor specializing in subs.