--- title: "⛫ Jersey Mike's IPO Incoming" url: https://burnaze.com/article/4bcfb098-7540-4e32-bcbc-fcad82b01318 source: "Empires Weekly" original_url: https://empirespod.substack.com/p/jersey-mikes-ipo-incoming author: "Patrick Buckley" category: "Sandwich & sub" industry: "Restaurants" segment: "Sandwich & sub" topics: ["Finance & M&A"] published: 2026-07-06T14:46:01.000Z modified: 2026-10-31T13:15:35.867Z image: https://substackcdn.com/image/fetch/$s_!xgm0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fdd116a4f-2430-4590-84b7-5343645d4867_992x567.png --- # ⛫ Jersey Mike's IPO Incoming **TL;DR:** Jersey Mike's has filed its registration statement with the SEC and is set to go public, listing its stock on the New York Stock Exchange under the ticker symbol 'JMKE'. The company has experienced significant growth, tripling its number of locations over the last decade and achieving 20 consecutive years of positive same-store sales growth. *By Patrick Buckley, originally published in Empires Weekly on 2026-07-06. [Read the original](https://empirespod.substack.com/p/jersey-mikes-ipo-incoming).* ## Story **Restaurant Logistics** partners with QSRs to handle all of their disputes and refunds across 3rd party delivery apps, and does so completely on performance (no set up fees, long-term contracts, or minimums). Over 400+ QSR locations - including franchisees of Burger King, Popeyes, Church’s Chicken, and more - trust them to recover revenue for them, ensuring 99% uptimes across 3rd party delivery apps. If you’re a restaurant operator and want to recover thousands of dollars in fees, **AT NO COST,** **get in touch** via the button below. Jersey Mike’s is officially on the verge of going public - after filing their registration statement with the SEC on Thursday. They will list its stock on the New York Stock Exchange under the ticker symbol “JMKE.” This is a franchise that was founder-led for nearly 50 years. And in that time, it took 40 years to break 1,000+ locations open. In the last decade, they’ve tripled that amount, as well as increased their AUV from ~$824k to north of $1.3M. They’ve had 20 consecutive years of positive same-store sales growth, with a +3.2% gain in 2025. Put simply, they’re heading into the IPO with insane momentum. Here are more stats to consider for the high-flying sandwich brand: - **AUV**: $1.37 million - **Units Open**: ~3,300 - **Systemwide revenue**: $4.3 billion - **Brand Net Income**: $55 million - **EBITDA Margin**: ~47 perecent - **Development Pipeline**: 1,600+ units - **US Market Unit Target**: 7,500 - **International Unit Target**: 15,000+ What a run for this brand and their franchisees! We dive deep on many topics particularly the Burger King comeback, why Taco Bell is so dominant, and the lessons he’s learned over the years. Harsh is very candid that while he’s had success, he gives us an honest take on investments that didnt pan out - particularly in the pizza sector. > *"We're probably between five and six hundred million dollars in revenue today. I would say that we're well over fifty million dollars in EBITDA”* > *“Pizza is insanely competitive.…and I think it is the one category in fast casual QSR where unbranded restaurants are giving branded restaurants a run for their money. And with the branded restaurants, it’s all about price. And Domino’s is a decent product for for their price point, right?”* **Jersey Mike’s IPO** The filing marks the culmination of a transformative period for the company… **Knicks Star Invests in Just Salad** Captain Clutch has become an equity partner in the fast-casual salad chain, just weeks after winning the NBA Championship. **Tropical Smoothie’s Growth is Accelerating** The chain expects to open 175 units this year and has a pipeline of over 900 units to open after 2026. **Luckin’ Adds Kiosks to Locations in NYC** Known for requiring mobile ordering via their app, the fast-growing coffee chain has added a new ordering channel to its New York locations. **Restaurant Hiring is On the Upswing** Restaurants and bars added 48,000 jobs in May and have been on a hiring tear for months now **Kroger Makes $1.65 Billion Acquisition** Kroger’s acquisition of Giant Eagle expands their geographic reach and marks the first acquisition under recently appointed CEO Greg Foran ## Entities - franchise expansion (topic) - Finance (sector) - Burger King (company) - Popeyes (company) - Jersey Mike's (company) - restaurant growth (topic) - Church's Texas Chicken (company) - Kroger (company) - ipo (topic) - Empires Weekly (publication) - Patrick Buckley (person) - SEC (regulator) --- Originally reported by Patrick Buckley, Empires Weekly (https://empirespod.substack.com/p/jersey-mikes-ipo-incoming). Summarized by Burnaze (https://burnaze.com/article/4bcfb098-7540-4e32-bcbc-fcad82b01318).