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Jersey Mike's Subs Inc. — Third Quarter 2026 Earnings Summary

  • Total revenue rose 10% year-over-year to $209 million, while Adjusted EBITDA increased 20% to $125 million; however, GAAP net loss was $11 million due to a $29 million one-time equity-based compensation charge.
  • Full-year fiscal 2026 guidance was updated to project at least 2.5% same-store sales growth, 8% net unit growth, and 20% Adjusted EBITDA growth.
  • The Board approved a $100 million share repurchase authorization and declared a special cash dividend of $0.35 per share.
  • Systemwide sales grew 11% to $1.204 billion with 80 new stores opened in the quarter, bringing the total systemwide count to 3,456.
Company
JERSEY MIKE'S SUBS INC
Sector
Consumer Cyclical
Industry
Restaurants