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.

Jersey Mike's Subs Inc. completed its initial public offering on July 31, 2026, selling 43,478,261 shares of Class A common stock at $21.85 per share. The company utilized approximately $301 million in net proceeds to purchase newly issued Common Units from Jersey Mike’s HoldCo, LLC, which were subsequently used to repay a portion of the outstanding Series 2026-1 Notes totaling roughly $301 million. Concurrently, Matthew Bromberg was appointed to the Board of Directors with an annual cash retainer of $125,000 and an initial award of $125,000 in restricted stock units. The company also adopted its 2026 Omnibus Incentive Plan and 2026 Employee Stock Purchase Plan. Jersey Mike's Subs Inc. operates in the quick-service restaurant industry, specializing in submarine sandwiches.