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Sales momentum improved: Second-quarter same-store sales rose 2.3%, up from 1.7% in the first quarter, while early third-quarter sales were tracking above 3%. Systemwide sales increased 10% to approximately $1.21 billion.
Growth strategy remains focused on digital and expansion: Digital marketing now represents more than 20% of advertising spending, digital orders accounted for 43% of sales, and the company opened 83 restaurants in the quarter. Jersey Mike's has a domestic pipeline of more than 1,600 units and plans to open its first U.K. location by year-end 2026.
2026 outlook reaffirmed: Management expects 2.5%–3% same-store sales growth, at least 8% net unit growth and at least 20% adjusted EBITDA growth. Following its IPO and debt repayment, net debt stood at roughly $1.5 billion, with leverage at approximately 4.4 times.
Jersey Mike's (NYSE:JMKE) reported second-quarter same-store sales growth of 2.3%, accelerating from 1.7% in the first quarter, as transaction growth, digital marketing and limited-time menu promotions supported demand.