Jersey Mike’s Reports Q2 Growth: Revenue Jumps 10% to $208M Driven by Customer Traffic
the staff of the Ridgewood bog
Ridgewood NJ, Fast-casual sub sandwich giant Jersey Mike’s Subs Inc. reported its financial results for the fiscal second quarter ended June 28, 2026, delivering steady revenue expansion and accelerated same-store sales growth despite industry-wide traffic headwinds.
Q2 Financial Performance Breakdown
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Revenue & Sales Growth: Total revenue rose 10% year-over-year to $208 million, matching a 10% growth rate in total systemwide sales. Same-store sales increased by 2.3%, primarily driven by growth in customer transaction volume.
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Store Footprint & Expansion: Net store growth increased by 8.1%. The company opened 83 new locations during the second quarter, up from 73 in the prior period, bringing the global store count to 3,378 locations (3,348 in the U.S.).
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Net Income: Net income for the quarter stood at $37 million (compared to $59 million in the prior year), reflecting non-routine expenses, advertising fund timing, and higher interest costs, partially offset by a $14 million gain from selling corporate-owned stores.
CEO Insights & Strategic Outlook
CEO Charlie Morrison highlighted progress toward reaching $2 million in average unit volume (AUV), emphasizing that momentum has carried directly into the third quarter as the company expands digital sales channels and menu innovation.
Following its initial public offering on July 30, which valued the company at $6.7 billion on the NYSE, Jersey Mike’s projects full-year same-store sales growth between 2.5% and 3.0%, along with net unit growth of at least 8%.
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Tags:
#JerseyMikes#RestaurantIndustry#FranchiseGrowth#FastCasual#FinanceNews#NYSE#Q2Earnings
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