Jersey Mike's Subs Inc.

Jersey Mike's Subs Inc. (JMKE) is a high-growth franchisor of fast-casual, submarine-style sandwich restaurants, specializing in authentic, hand-crafted cold and hot grilled subs. The company operates an asset-light, highly franchised business platform with over 3,300 stores across all 50 United States and expanding international markets, including Canada, the UK, and Ireland. Jersey Mike's Subs focuses on high-quality ingredients, with meats and cheeses sliced fresh, bread baked daily in-store, and produce prepared on-site. Their signature "Mike's Way" preparation includes sliced onions, shredded lettuce, tomatoes, oregano, salt, and a blend of red wine vinegar and olive oil. The company utilizes a centralized marketing engine, a robust digital loyalty program, and proprietary store-level information networks to ensure uniform food preparation standards, supply chain distributions, and optimized franchise owner returns. Jersey Mike's Subs operates with a nearly 99% franchised model, generating high operating margins and strong cash flow. Franchise agreements typically have a 10-year term with a 10-year renewal option, requiring a 6.5% royalty and 5% advertising fund contribution. In fiscal year 2025, systemwide sales reached $4.2 billion, with an average unit volume (AUV) of $1.4 million. The company's revenue in 2025 was $696 million, with earnings of $59 million. Jersey Mike's Subs has also demonstrated a commitment to community involvement, having raised over $166 million for local charities since 2011. Sources: [1] https://www.listingtrack.io/company?name=Jersey%20Mike%E2%80%99s%20Subs%20Inc.&symbol=JMKE [2] https://stockanalysis.com/stocks/jmke/ [3] https://quartr.com/companies/jersey-mike-s-subs-inc_23198 [4] https://www.renaissancecapital.com/IPO-Center/News/120693/US-IPO-Week-Ahead-July-closes-out-with-a-handful-of-IPOs-led-by-Jersey-Mike [5] https://www.investing.com/equities/jersey-mikes-subs-inc [6] https://www.iposcoop.com/ipo/jersey-mikes/ [7] https://www.thedailymeal.com/1204853/everything-you-need-to-know-about-jersey-mikes-subs/ [8] https://www.jerseymikes.com/culture/history [9] https://en.wikipedia.org/wiki/Jersey_Mike%27s_Subs [10] https://www.smartkarma.com/insights/jersey-mike-s-subs-inc-jmke-subs-scale-staying-power