$18.290
-0.487 (-2.66%)At close
JMKE News
JMKE Events
Company Declares Special Cash Dividend of 35 Cents per Share
On October 26, 2026, the Ccompany's Board of Directors declared a special cash dividend of 35c per share payable on November 19, 2026 to holders of Class A common stock as of the close of business on November 5, 2026. These actions reflect the company's strong cash flow generation and commitment to returning excess capital to stockholders.
Company Approves Stock Repurchase Authorization of Up to $100M
On October 26, the company's Board of Directors approved a stock repurchase authorization of up to an aggregate $100M of the company's outstanding Class A common stock.
Jersey Mike's Updates Fiscal 2026 Outlook: Same-Store Sales Growth at Least 2.5%
Jersey Mike's updated outlook for full-year fiscal 2026 is as follows: Same-store sales growth of at least 2.5%; Net unit growth of at least 8%; Adjusted EBITDA growth of at least 20%.
Q3 Revenue Reaches $209M, Exceeds Expectations
Reports Q3 revenue $209M, consensus $208.45M. Same-store sales increased 3.0%, primarily driven by transaction growth. "We continue to see meaningful traction from our digital marketing initiatives as we work to expand our consumer reach and drive greater frequency over time," said Charlie Morrison, Chief Executive Officer. "Our same-store sales accelerated sequentially in the third quarter, with growth continuing to be driven by transactions for the third consecutive quarter. We remain focused on our long-term strategic goals of driving average unit volumes to $2 million, growing cash-on-cash returns for our franchise owners, and expanding our footprint domestically and around the world."
Jersey Mike's Adjusts Ad Spend to Attract Younger Audience
In an interview on CNBC's Mad Money, Charlie Morrison said Jersey Mike's has made some small shifts in advertising spend, mainly to digital channels to attract a younger audience. It's targeting over 7,500 stores in the U.S and internationally over time. He feels "very confident" in the company's ability to deliver unit growth for a "long time to come."
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