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Jersey Mike's files for IPO on NYSE, reports 50% same-store sales growth since 2020

Amelia Lucas

2d ago· 3 min readenNews

finance food business ipo

Summary

Jersey Mike's, the second-largest hoagie sandwich chain in the U.S., has filed for an initial public offering on the NYSE under the ticker "JMKE." The company reported cumulative same-store sales growth of 50% from 2020 through 2025, with net income of $55 million on $724 million in revenue in 2025, up from $5 million on $653 million in 2024. Annual system sales reached $4.3 billion, up 13% year-over-year. The chain operates nearly 3,300 locations.

Source

bskyJersey Mike's files for IPO on NYSE, reports 50% same-store sales growth since 2020cnbc.com

Key quotes

· 4 pulled

Sandwich chain Jersey Mike's filed for an initial public offering on Thursday, reporting that its same-store sales cumulatively climbed 50% from 2020 through 2025.

Jersey Mike's plans to trade on the New York Stock Exchange under the ticker 'JMKE.'

The company reported net income of $55 million on total revenue of $724 million last year, up from net income of $5 million on revenue of $653 million in 2024.

Last year, Jersey Mike's annual system sales, which includes both company-owned and franchised locations, reached $4.3 billion, up 13% from the previous year.

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Jersey Mike's has nearly 3,300 locations, making it the second-largest hoagie sandwich chain in the U.S. behind Subway.

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