Jersey Mike’s Subs Inc. (NYSE: JMKE) reported financial results for the fiscal second quarter ended June 28, 2026, in a Form 8-K filed on September 9, 2026. The company announced that systemwide sales increased 10% year over year to $1.210 billion, while total revenue rose 10% to $208 million.
For the quarter, same-store sales grew 2.3%, driven primarily by transaction growth. The company opened 83 new stores, resulting in net unit growth of 8.1% year over year. As of June 28, 2026, the company operated 3,378 stores systemwide, consisting of 3,322 franchised stores and 26 company-owned stores in the United States.
Net income for the second quarter was $37 million, a decrease from $59 million in the prior year. Adjusted EBITDA increased 7% to $114 million. The company noted that net income was impacted by non-routine expenses, advertising fund timing, and higher interest expense, partially offset by a $14 million gain on the sale of corporate-owned stores.
Jersey Mike’s provided the following outlook for full-year fiscal 2026:
- Same-store sales growth of 2.5% to 3.0%, including 3.0% to 4.0% in the third quarter.
- Net unit growth of at least 8%.
- Adjusted EBITDA growth of at least 20%, including at least 13% in the third quarter.
CEO Charlie Morrison stated that same-store sales accelerated in the second quarter and continued into the third quarter. The company also noted that it was named the number one QSR brand in the country for 2026 by the American Customer Satisfaction Index.
