Jersey Mike’s to report results on Oct. 28 after shares close at $16.96
Key Facts
Jersey Mike’s third-quarter 2026 results had not been announced when the earlier draft was published; the company scheduled a results and business update call for Oct. 28, 2026, at 8:30 a.m. Eastern time. The available information therefore does not confirm the figures cited in the draft for quarterly revenue or earnings per share, or its description of results as beating expectations. In its official disclosure, the company invited investors to the call to discuss its financial results and business updates. The call is scheduled after JMKE shares closed at $16.96 on Oct. 27, according to EL7 data. That was the latest closing price included in the information provided before the call.
Second-quarter results provide context for the company's performance ahead of its third-quarter report. System sales rose to $1.210 billion, up 10% year over year. Comparable-store sales grew 2.3%, and the company said transaction growth was the primary driver. This metric measures the performance of established stores, while system sales growth reflects the performance of the network as a whole. The company therefore combined growth in overall sales with an improvement in comparable-store sales in the second quarter.
The company continued to expand its network in the second quarter, opening 83 new stores, while net unit growth reached 8.1% year over year. That figure reflects the increase in the number of stores after accounting for the net change in units, alongside sales growth at existing locations. But network growth did not prevent net income from falling: the company reported $37 million in the second quarter, compared with $59 million in the same period a year earlier. The figures show different trajectories for operating expansion and net income during the period. The available information did not explain the decline in second-quarter results.
The company's earlier guidance for fiscal 2026 targeted comparable-store sales growth of between 2.5% and 3.0%, with a range of 3.0% to 4.0% for the third quarter. The target provides a benchmark for comparing the performance of established stores when the quarterly results are released, without conflating it with store-count growth or system sales. The third-quarter range was also higher than the annual range announced by the company. These figures remain the company's earlier guidance, not actual third-quarter results. The company scheduled Oct. 28 to discuss its results and business updates.