Jersey Mike's Q2 SSS +2.3%, revenue +10% to $208M; FY26 EBITDA growth ≥20%

Jersey Mike's Subs Inc.

Q2 same-store sales +2.3% on transaction growth; systemwide sales $1.210B (+10% YoY); total revenue $208M (+10%).
Net income $37M vs $59M prior year; adjusted EBITDA $114M vs $107M (+7%), or +18% ex $10M advertising fund timing.
Opened 83 new stores, net unit growth 8.1%; total stores 3,378; digital sales mix 43% vs 41%.
FY2026 guidance: SSS +2.5-3.0% (Q3 +3.0-4.0%), net unit growth ≥8%, adjusted EBITDA growth ≥20%.
Operating cash flow $105M in first half; $11M cash use for IPO-related and discrete outflows.

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