Earnings ·
Jersey Mike’s Subs Inc. reported second quarter fiscal 2026 financial results for the period ended June 28, 2026
JMKEJersey Mike's Subs Inc.
Jersey Mike’s Subs Inc. reported second quarter fiscal 2026 financial results for the period ended June 28, 2026. Total revenue increased 10% year-over-year to $208 million, driven by an 11% rise in royalties and other revenue to $138 million and a 6% increase in advertising revenue to $57 million. Net income declined to $37 million from $59 million in the prior year period, while Adjusted EBITDA rose 7% to $114 million. The company opened 83 new stores, bringing the total systemwide count to 3,378 and achieving net unit growth of 8.1%. Same-store sales grew 2.3%, primarily due to transaction volume increases. Jersey Mike’s provided full-year 2026 guidance projecting same-store sales growth of 2.5-3.0% and Adjusted EBITDA growth of at least 20%. The company operates in the fast-casual restaurant industry, specializing in franchised sub sandwich locations.