Jersey Mike’s Reports Third Quarter Financial Results
Jersey Mike's posted its first quarter as a public company with revenue up 10% to $209 million and systemwide sales up 11% to $1.204 billion, driven by 3.0% same-store sales growth (transaction-led) and 8.8% net unit growth to 3,456 stores. Adjusted EBITDA rose 20% to $125 million and Adjusted EPS was $0.23, while GAAP net income fell to $10 million from $32 million on a $29 million one-time, non-cash IPO-related equity compensation charge.
Key figures
- Eps
- -0.05 (GAAP diluted, Class A, post-IPO period July 31-Sep 27); $0.23 Adjusted EPS
- Revenue
- 209000000
- Guidance
- FY26: same-store sales growth of at least 2.5%, net unit growth of at least 8%, Adjusted EBITDA growth of at least 20%
- Revenue Yoy
- 10%
- Capex ytd
- 7000000
- Net income
- 10000000
- Total debt
- 1800000000
- Total stores
- 3456
- Adjusted ebitda
- 125000000
- Net store growth
- 8.8%
- Systemwide sales
- 1204000000
- Digital sales mix
- 43%
- New store openings
- 80
- Adjusted ebitda yoy
- 20%
- Adjusted net income
- 74000000
- Systemwide sales yoy
- 11%
- Buyback authorization
- 100000000
- Operating cash flow ytd
- 177000000
- Same store sales growth
- 3.0%
- Cash and restricted cash
- 325000000
- Special dividend per share
- 0.35
AI analysis
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