Jersey Mike's Subs Reports $209 Million Revenue, $0.23 Adjusted EPS

What happened

Jersey Mike's Subs reported third-quarter fiscal 2026 revenue of $209 million, up 10% year over year, with net income of $10 million and adjusted earnings per share of $0.23. The company also updated its full-year outlook and announced a share repurchase authorization and special dividend.

Confirmed

Global impact / market context

Revenue growth and a 20% rise in adjusted EBITDA, which means earnings before interest, taxes, depreciation and amortization, suggest the sandwich chain is expanding sales and store count. Yet net income fell sharply, so investors must weigh strong operating trends against lower bottom-line profit.

Analyst inference

Same-store sales, which measure sales at stores open at least a year, rose 3.0% on transaction growth, and the chain opened 80 stores. The $100 million buyback and $0.35 special dividend signal management sees cash available to return to shareholders.

Analyst inference

What to watch

1. The company updated its fiscal 2026 outlook to at least 2.5% same-store sales growth and at least 8% net unit growth, figures investors can compare with future quarterly results. Confirmed
2. The board authorized repurchases of up to $100 million of Class A common stock, a proposal that could support the share price depending on how much is actually bought. Proposed
3. Watch whether digital sales mix, at 43% of sales, and new store openings sustain revenue growth while net income recovers from the prior-year drop. Analyst inference

Evidence

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