2 months ago
On September 9, 2026, Jersey Mike's Subs Inc. (NYSE:JMKE) reported its first quarterly results as a public company, with total revenue up 10% year over year to $208 million and same-store sales accelerating to 2.3% growth from 1.7% in the prior quarter. It was primarily driven by transaction growth even as the restaurant industry faced weak traffic trends. Net income fell to $37 million from $59 million a year earlier. It showed non-routine expenses, advertising fund timing, and higher interest costs following the company's July initial public offering, partially offset by a $14 million gain on the sale of corporate-owned stores.
Jersey Mike's Subs Inc. (NYSE:JMKE) is gaining customers while its brand remains a major competitive advantage. The firm added 83 stores in the second quarter. It grew its customer base and increased systemwide sales 10% to $1.21 billion. Jersey Mike's also earned the No. 1 ranking among U.S. quick-service restaurant brands in the 2026 American Customer Satisfaction Index, surpassing Chick-fil-A after 11 consecutive years at the top. It gives the newly public company a strong foundation for continued customer and franchisee growth.
The business has substantial whitespace for long-term unit growth. Jersey Mike's ended the quarter with 3,378 locations and maintains a domestic development pipeline of more than 1,600 stores, with more than 90% of that pipeline coming from existing franchisees. Management estimates that the U.S. market could eventually support roughly 7,500 locations and sees potential to reach approximately 15,000 stores globally. It gives the business a long runway for franchise-led revenue and royalty growth.
Digital engagement and transaction growth give Jersey Mike's more avenues to increase sales. Digital sales represented 43% of systemwide sales in the second quarter, up from 41% a year earlier. Same-store sales increased 2.3% mainly because customers placed more transactions. Jersey Mike's also had more than 12.5 million active MyMike's loyalty members in 2025. It provides the company with a large customer database that it can use to increase frequency and personalize marketing as it expands.
Jersey Mike's Subs Inc. (NYSE:JMKE) still faces a significant profitability challenge despite its revenue growth. Second-quarter revenue jumped 10% to $208 million. However, net income fell 37% to $37 million from $59 million a year earlier. Management attributed part of the decline to advertising-fund timing and higher interest expense. It shows that revenue growth has not yet translated into comparable bottom-line growth for shareholders.
#million #customer
Jersey Mike's Subs Inc. (NYSE:JMKE) is gaining customers while its brand remains a major competitive advantage. The firm added 83 stores in the second quarter. It grew its customer base and increased systemwide sales 10% to $1.21 billion. Jersey Mike's also earned the No. 1 ranking among U.S. quick-service restaurant brands in the 2026 American Customer Satisfaction Index, surpassing Chick-fil-A after 11 consecutive years at the top. It gives the newly public company a strong foundation for continued customer and franchisee growth.
The business has substantial whitespace for long-term unit growth. Jersey Mike's ended the quarter with 3,378 locations and maintains a domestic development pipeline of more than 1,600 stores, with more than 90% of that pipeline coming from existing franchisees. Management estimates that the U.S. market could eventually support roughly 7,500 locations and sees potential to reach approximately 15,000 stores globally. It gives the business a long runway for franchise-led revenue and royalty growth.
Digital engagement and transaction growth give Jersey Mike's more avenues to increase sales. Digital sales represented 43% of systemwide sales in the second quarter, up from 41% a year earlier. Same-store sales increased 2.3% mainly because customers placed more transactions. Jersey Mike's also had more than 12.5 million active MyMike's loyalty members in 2025. It provides the company with a large customer database that it can use to increase frequency and personalize marketing as it expands.
Jersey Mike's Subs Inc. (NYSE:JMKE) still faces a significant profitability challenge despite its revenue growth. Second-quarter revenue jumped 10% to $208 million. However, net income fell 37% to $37 million from $59 million a year earlier. Management attributed part of the decline to advertising-fund timing and higher interest expense. It shows that revenue growth has not yet translated into comparable bottom-line growth for shareholders.
#million #customer
2 months ago
This year has already delivered one of the most extraordinary IPO periods in recent years. ****** eX (SPCX), Cerebras (CBRS), and Jersey Mike's (JMKE) have been some of the buzzier names to debut in public markets.
But this could be just the tip of the IPO iceberg as we look into the fall — and along with it, some very bold promises on future performance.
Anthropic (ANTH.PVT) has filed confidentially for a potential IPO as soon as October. The Claude creator may pitch to investors that its potential revenue opportunities are above $30 trillion, per a new report from the Wall Street Journal.
OpenAI (OPAI.PVT) is not far behind, judging by all the execs it has sent packing this summer. It too could follow Anthropic with a seemingly outlandish future revenue estimate.
"I actually like it [the revenue estimate] because it talks about sort of what the opportunity is. If it's enterprise, if it's consumer, it's coding, it's actually changing not only how we do work, but also how we develop products. I think it is viable," Connor Group managing partner Jim Neesen said on Yahoo Finance's Opening Bid. "I mean, if you look at their revenue growth, $65 billion is their run rate. They were $9 billion last year. That's a sevenfold increase. I do think that market opportunity is out there."
#revenue #estimate #Opportunity
But this could be just the tip of the IPO iceberg as we look into the fall — and along with it, some very bold promises on future performance.
Anthropic (ANTH.PVT) has filed confidentially for a potential IPO as soon as October. The Claude creator may pitch to investors that its potential revenue opportunities are above $30 trillion, per a new report from the Wall Street Journal.
OpenAI (OPAI.PVT) is not far behind, judging by all the execs it has sent packing this summer. It too could follow Anthropic with a seemingly outlandish future revenue estimate.
"I actually like it [the revenue estimate] because it talks about sort of what the opportunity is. If it's enterprise, if it's consumer, it's coding, it's actually changing not only how we do work, but also how we develop products. I think it is viable," Connor Group managing partner Jim Neesen said on Yahoo Finance's Opening Bid. "I mean, if you look at their revenue growth, $65 billion is their run rate. They were $9 billion last year. That's a sevenfold increase. I do think that market opportunity is out there."
#revenue #estimate #Opportunity
3 months ago
Score one for Andy Jassy and his team at Amazon (AMZN). After months of AMZN stock underperforming the S&P 500 ($SPX) on fears that the company was spending too much, too fast on its artificial intelligence (AI) buildout, the CEO put those fears to rest with the latest earnings report. The release made one thing clear: Amazon's AI strategy is paying off in a big way.
Amazon's second-quarter report recorded the fastest growth in Amazon Web Services (AWS) in 18 quarters, with the segment exceeding an annual run rate of $25 billion in AI revenue thanks to new agreements signed with several big companies, including Warner Bros. Discovery (WBD), Pinterest (PINS), Snowflake (SNOW), and Moody's (MCO). Amazon also recorded a $25 billion annual run rate for its chips business, which includes its custom-built Trainium AI chip. Amazon has commitments from AI startups Anthropic and OpenAI, Uber Technologies (UBER), Pinterest, and numerous smaller startups.
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Palantir Is Set to Deliver Strong Q2. **** ysts See 60% Upside Potential for PLTR Stock.
How to Play Jersey Mike's Subs Stock After the JMKE IPO
#amzn #pinterest
Amazon's second-quarter report recorded the fastest growth in Amazon Web Services (AWS) in 18 quarters, with the segment exceeding an annual run rate of $25 billion in AI revenue thanks to new agreements signed with several big companies, including Warner Bros. Discovery (WBD), Pinterest (PINS), Snowflake (SNOW), and Moody's (MCO). Amazon also recorded a $25 billion annual run rate for its chips business, which includes its custom-built Trainium AI chip. Amazon has commitments from AI startups Anthropic and OpenAI, Uber Technologies (UBER), Pinterest, and numerous smaller startups.
CoreWeave Just Scored a Leidos Partnership. What That Means for CRWV Stock Here.
Palantir Is Set to Deliver Strong Q2. **** ysts See 60% Upside Potential for PLTR Stock.
How to Play Jersey Mike's Subs Stock After the JMKE IPO
#amzn #pinterest
3 months ago
Every IPO arrives with a promise. The market's job is to decide whether that promise deserves a premium or a reality check. That was the story on July 30, when Jersey Mike's Subs (JMKE) made its long-awaited debut on the New York Stock Exchange. Backed by Blackstone (BX) and the Abu Dhabi Investment Authority, the sandwich chain came to Wall Street with plenty of excitement, pricing its IPO at $23 per share.
The offering raised roughly $913 million, valuing the company at about $7.3 billion, with proceeds earmarked primarily to reduce debt and support general corporate needs. But instead of taking a victory lap, the stock stumbled out of the gate. Shares opened at $21 and ended their first trading session down about 5.7%, a reminder that even the hottest IPOs don't always get an "instant" standing ovation.
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Palantir Is Set to Deliver Strong Q2. ******* ysts See 60% Upside Potential for PLTR Stock.
Earnings, PMI and Other Key Things to Watch this Week
#jmke #backed
The offering raised roughly $913 million, valuing the company at about $7.3 billion, with proceeds earmarked primarily to reduce debt and support general corporate needs. But instead of taking a victory lap, the stock stumbled out of the gate. Shares opened at $21 and ended their first trading session down about 5.7%, a reminder that even the hottest IPOs don't always get an "instant" standing ovation.
CoreWeave Just Scored a Leidos Partnership. What That Means for CRWV Stock Here.
Palantir Is Set to Deliver Strong Q2. ******* ysts See 60% Upside Potential for PLTR Stock.
Earnings, PMI and Other Key Things to Watch this Week
#jmke #backed
3 months ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Blackstone picked quite a week to sell Italian subs to the market, but maybe that's exactly the moment to take a breath, look around, and put some faith (and some capital) in the enduring magic of provolone and Danny DeVito.
Jersey Mike's priced its IPO at $23 a share Tuesday night, the same 24 hours the Nasdaq officially slid into correction and 3 Fed officials staged a mutiny against their own chair. Demand did not care. The deal went ten times oversubscribed, raised roughly $1 billion, and became the largest US consumer listing of the year, landing dead center of its $21-to-25 range.
That said, chatter around this deal earlier floated a valuation closer to $12 billion. It priced nearer $7.3 billion instead, a hair above the $8 billion Blackstone paid for majority control back in 2024. If you're tasting a little red wine vinegar in those numbers, you're on to something. Ten times oversubscribed, and the sandwich shop still landed below what its own private buyer thought it was worth 2 years ago. That's gotta make Steve Schwarzman feel a little stugatz about the whole deal.
JMKE shares are open to the public Thursday, but roughly 86% of the company's voting power stays exactly where it's lived since 2024: tucked inside the world's largest private equity shop.
#around #priced
Blackstone picked quite a week to sell Italian subs to the market, but maybe that's exactly the moment to take a breath, look around, and put some faith (and some capital) in the enduring magic of provolone and Danny DeVito.
Jersey Mike's priced its IPO at $23 a share Tuesday night, the same 24 hours the Nasdaq officially slid into correction and 3 Fed officials staged a mutiny against their own chair. Demand did not care. The deal went ten times oversubscribed, raised roughly $1 billion, and became the largest US consumer listing of the year, landing dead center of its $21-to-25 range.
That said, chatter around this deal earlier floated a valuation closer to $12 billion. It priced nearer $7.3 billion instead, a hair above the $8 billion Blackstone paid for majority control back in 2024. If you're tasting a little red wine vinegar in those numbers, you're on to something. Ten times oversubscribed, and the sandwich shop still landed below what its own private buyer thought it was worth 2 years ago. That's gotta make Steve Schwarzman feel a little stugatz about the whole deal.
JMKE shares are open to the public Thursday, but roughly 86% of the company's voting power stays exactly where it's lived since 2024: tucked inside the world's largest private equity shop.
#around #priced
3 months ago
Jersey Mike's (JMKE) made its public debut on Thursday at $21 per share, and investors were eager to get a bite of the sandwich chain.
The company, backed by Blackstone Inc. (BX) and the Abu Dhabi Investment Authority, offered more than 43 million shares. It opened just below its initial public offering (IPO) price of $23, raising $913 million and valuing the company at $7.3 billion. It is now officially listed under the ticker symbol "JMKE" on the New York Stock Exchange.
Blackstone took a majority stake in the chain in November of 2024 and soon after tapped industry veteran and former WingStop (WING) CEO Charlie Morrison to lead the company.
This public debut, which is one of the largest in the restaurant industry, marks the next chapter for the Point Pleasant, New Jersey-based chain, but the business is already booming.
According to the regulatory filing, Jersey Mike's same-store sales grew by 50% between 2020 and 2025. In 2025, systemwide sales increased 13% year over year to reach $4.3 billion.
#blackstone #debut
The company, backed by Blackstone Inc. (BX) and the Abu Dhabi Investment Authority, offered more than 43 million shares. It opened just below its initial public offering (IPO) price of $23, raising $913 million and valuing the company at $7.3 billion. It is now officially listed under the ticker symbol "JMKE" on the New York Stock Exchange.
Blackstone took a majority stake in the chain in November of 2024 and soon after tapped industry veteran and former WingStop (WING) CEO Charlie Morrison to lead the company.
This public debut, which is one of the largest in the restaurant industry, marks the next chapter for the Point Pleasant, New Jersey-based chain, but the business is already booming.
According to the regulatory filing, Jersey Mike's same-store sales grew by 50% between 2020 and 2025. In 2025, systemwide sales increased 13% year over year to reach $4.3 billion.
#blackstone #debut
3 months ago
Jersey Mike's (JMKE) made its public debut on Thursday at $21 per share, and investors were eager to get a bite of the sandwich chain.
The company, backed by Blackstone Inc. (BX) and the Abu Dhabi Investment Authority, offered more than 43 million shares. It opened just below its initial public offering (IPO) price of $23, raising $913 million and valuing the company at $7.3 billion. It is now officially listed under the ticker symbol "JMKE" on the New York Stock Exchange.
Blackstone took a majority stake in the chain in November of 2024 and soon after tapped industry veteran and former WingStop (WING) CEO Charlie Morrison to lead the company.
This public debut, which is one of the largest in the restaurant industry, marks the next chapter for the Point Pleasant, New Jersey-based chain, but the business is already booming.
According to the regulatory filing, Jersey Mike's same-store sales grew by 50% between 2020 and 2025. In 2025, systemwide sales increased 13% year over year to reach $4.3 billion.
#chain #company #billion #industry
The company, backed by Blackstone Inc. (BX) and the Abu Dhabi Investment Authority, offered more than 43 million shares. It opened just below its initial public offering (IPO) price of $23, raising $913 million and valuing the company at $7.3 billion. It is now officially listed under the ticker symbol "JMKE" on the New York Stock Exchange.
Blackstone took a majority stake in the chain in November of 2024 and soon after tapped industry veteran and former WingStop (WING) CEO Charlie Morrison to lead the company.
This public debut, which is one of the largest in the restaurant industry, marks the next chapter for the Point Pleasant, New Jersey-based chain, but the business is already booming.
According to the regulatory filing, Jersey Mike's same-store sales grew by 50% between 2020 and 2025. In 2025, systemwide sales increased 13% year over year to reach $4.3 billion.
#chain #company #billion #industry
4 months ago
Kevin Carter/Getty Images
Blackstone has moved to exit another of its top-performing portfolio companies, this time iconic American sandwich chain Jersey Mike's Subs.
The New Jersey-based business, known as much for its subs as it is for its ******* ociation with actor and superfan Danny DeVito, filed an S-1 with the Securities and Exchange Commission on Thursday, paving the way for a debut on the New York Stock Exchange under the ticker "JMKE."
The number of shares on offer and the price range have yet to be disclosed.
Proceeds will be used, in part, to pay down a portion of the $760 million of debt the company took on earlier this year to refinance existing borrowings from 2019 and 2021, to make debt repayments and to fund a dividend payout to its sponsor, Blackstone, according to the filing.
Blackstone has moved to exit another of its top-performing portfolio companies, this time iconic American sandwich chain Jersey Mike's Subs.
The New Jersey-based business, known as much for its subs as it is for its ******* ociation with actor and superfan Danny DeVito, filed an S-1 with the Securities and Exchange Commission on Thursday, paving the way for a debut on the New York Stock Exchange under the ticker "JMKE."
The number of shares on offer and the price range have yet to be disclosed.
Proceeds will be used, in part, to pay down a portion of the $760 million of debt the company took on earlier this year to refinance existing borrowings from 2019 and 2021, to make debt repayments and to fund a dividend payout to its sponsor, Blackstone, according to the filing.
