Jersey Mike's Subs Reports First Earnings Since Going Public
Jersey Mike's Subs (JMKE) released its first earnings report since going public six weeks ago, posting second-quarter results that were largely in line with expectations. Revenue grew by 10% to $208 million, slightly below the FactSet consensus of $208.7 million. Systemwide sales increased by 10% year-over-year to $1.21 billion, while same-store sales rose 2.3%. The company's stock rallied after market open following the report. The results reflect a strong start for Jersey Mike’s as it transitions into public ownership, with performance aligning closely with analyst expectations despite being below consensus revenue slightly.
Tickers: $JMKE
Topics: earnings revenue growth same-store sales