Jersey Mike's Subs Inc. expects 2026 same-store sales growth of 2.5% to 3% and at least 20% adjusted EBITDA growth, as it reported second-quarter results that showed accelerating transaction-led growth. In the second quarter, same-store sales grew 2.3%, accelerating from the first quarter, and system-wide sales reached approximately $1.21 billion, up 10% year-over-year. The company opened 83 new stores in the quarter, bringing the total to 3,378, with a pipeline of more than 1,600 units, of which over 1,400 are signed and committed. Following its initial public offering, Jersey Mike's sold 43.5 million shares, generating about $300 million in primary proceeds used to repay debt, leaving net debt of approximately $1.5 billion and a leverage ratio of about 4.4 times. For the third quarter, the company expects same-store sales growth of 3% to 4% and adjusted EBITDA growth of at least 13%, with net interest expense of approximately $28 million.
Jersey Mike's Subs Inc.Company forecasts 2026 same-store sales growth and EBITDA growth, reports strong Q2 results, and IPO proceeds used to repay debt.