Jersey Mike's

Last updated: July 21, 2026
Ticker
JMKE
Exchange
NYSE
IPO Date
Pending
Price Range
$21.00 - $25.00
Deal Size
$1,000 million

Company Snapshot

Jersey Mike's is a sub sandwich chain that focuses on providing high-quality, authentic sandwiches made with fresh ingredients. The company operates through a franchise model, allowing for rapid expansion while maintaining a commitment to quality and customer experience. Their mission is to make a difference in communities by serving delicious food and supporting local initiatives.

Founded
1956

Key Financials

Metric202520242023
Revenue$696.0MNot provided$653.0M
Adjusted Net IncomeNot provided$5M$21M
Margin %--3.2%

Balance Sheet

Cash & Equivalents
$843M
Total Debt
$2,062M

Implied Valuation at Midpoint

Market Cap
$7.3B
P/S Ratio
10.5x

Based on price range midpoint and most recent fiscal year data.

S-1 Highlights

Market & Competition

The company operates in the fast-casual dining segment, specifically within the sub sandwich market, which is well-established globally. Jersey Mike's competes with major players such as Subway and Jimmy John's.

Use of Proceeds

Proceeds from the IPO will primarily be used to support the company's growth initiatives, including international expansion and enhancing operational capabilities.

Key Risk Factors

  • The company faces risks associated with inflation, which could impact pricing strategies and customer demand.
  • As a controlled company, Jersey Mike's may have governance practices that differ from those of other public companies, potentially affecting investor interests.

Deal Structure

Primary Shares
13,782,609 shares
Secondary Shares
29,695,652 shares
Shares Outstanding
317,638,900 shares
Post-IPO Float
13.7%
Lock-up
180 days
Lead Underwriters
Morgan Stanley, Jefferies, J.P. Morgan

Reported Broker Availability

No broker information available yet

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Reported by users or publicly disclosed. Information is for reference only.

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