Jersey Mike's Subs Inc. (JMKE) Q2 FY2026 earnings

Reported results

• Same-store sales increased 2.3% in Q2 2026, primarily driven by transaction growth
• Total revenue increased 10% year over year to $208 million
• Systemwide sales increased 10% year over year to $1.210 billion
• Net income for the quarter was $37 million versus $59 million in the prior year
• Adjusted EBITDA increased 7% to $114 million versus $107 million in the prior year
• Opened 83 new stores, driving net unit growth of 8.1% year over year

Guidance

• Full-year 2026 same-store sales growth of 2.5-3.0%, including 3.0-4.0% in the third quarter
• Full-year 2026 net unit growth of at least 8%
• Full-year 2026 Adjusted EBITDA growth of at least 20%, including at least 13% in the third quarter

Notes

Net income comparison affected by non-routine expenses, advertising fund timing, higher interest expense, and a $14 million gain on sale of corporate-owned stores. Adjusted EBITDA included a $10 million net adverse impact related to advertising fund timing. Company recently completed IPO on July 31, 2026 (per prospectus reference). Financial tables present both Successor (post-January 16, 2025 acquisition) and Predecessor period results.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-09 (8-K, Item 2.02). Read the original filing on sec.gov.