Jersey Mike’s Reports Third Quarter Financial Results
Business Wire•28/10/2026•06:45 ET
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Key Highlights
- ➤Systemwide sales rose 11% to $1.204 billion year over year
- ➤Adjusted EBITDA increased 20% to $125 million
- ➤Full-year 2026 outlook targets same-store sales growth of at least 2.5%
- ➤Jersey Mike’s authorized up to $100 million in Class A stock repurchases
- ➤Special dividend declared at $0.35 per Class A share
- ➤Net income fell to $10 million from $32 million year over year
Expert Statements
Charlie Morrison, Chief Executive Officer of Jersey Mike’s Subs Inc.
“We continue to see meaningful traction from our digital marketing initiatives as we work to expand our consumer reach and drive greater frequency over time.”
Charlie Morrison, Chief Executive Officer of Jersey Mike’s Subs Inc.
“Our same-store sales accelerated sequentially in the third quarter, with growth continuing to be driven by transactions for the third consecutive quarter.”
Charlie Morrison, Chief Executive Officer of Jersey Mike’s Subs Inc.
“We remain focused on our long-term strategic goals of driving average unit volumes to $2 million, growing cash-on-cash returns for our franchise owners, and expanding our footprint domestically and around the world.”
Declares $0.35 special dividend to holders of Class A common stock
Jersey Mike’s Subs Inc. (NYSE: JMKE) today announced financial results for the fiscal third quarter ended September 27, 2026.
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