Business
Jersey Mike’s Stacks Up Profit Prior to IPO
Jersey Mike’s profits shot up last year, though the sandwich chain said that sales growth has been mixed in recent months as it gears up for a potential public offering this year.
The New Jersey-based sub sandwich maker said Thursday in its initial registration filing that net income jumped to $55 million in its 2025 fiscal year, up from $5 million the year before, due to more royalties and lower founder-related discretionary expenses. Same-store sales grew 2.3% in the 13 weeks ended June 28, down from 3.6% in the previous year’s period.
New marketing and a chicken salad offering have helped in June, the chain said. “We are building a brand with global, long-term endurance,” CEO Charlie Morrison said in the fling.
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