Every material Form 8-K Jersey Mike's Subs Inc. has filed with the SEC since September 09, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Jersey Mike's reported fiscal third-quarter 2026 revenue up 10% to $209 million and Adjusted EBITDA up 20% to $125 million, while GAAP results were weaker, with net income of $10 million versus $32 million a year earlier and a net loss attributable to the company of $11 million, or $(0.05) per diluted Class A share, for the period after its IPO. The company also updated its full-year 2026 outlook, authorized a $100 million share repurchase, and declared a $0.35 special dividend.
Total revenue rose 10% year over year to $209 million; same-store sales rose 3.0%, primarily from transactions.
Net income fell to $10 million from $32 million, driven by a $29 million one-time, non-cash equity-based compensation charge tied to the IPO plus IPO-related expenses.
Updated 2026 outlook: same-store sales growth of at least 2.5%, net unit growth of at least 8%, and Adjusted EBITDA growth of at least 20%.
Board approved up to $100 million of Class A share repurchases on October 26, 2026; $0.35 special dividend payable November 19, 2026 to holders of record November 5, 2026.
Blackstone-affiliated funds, the current majority owners of Jersey Mike's Subs Inc., have entered into margin loan agreements providing approximately $1.09 billion in aggregate borrowings, secured by pledged company shares and units. If the Blackstone borrowers default, the lenders may foreclose on the pledged shares and units, which the filing says represent about 54.3% of Class A common stock on an as-exchanged basis. The company is not a party to the loans but has agreed not to take actions intended to materially hinder lender remedies.
Loan agreements dated September 16, 2026 provide for approximately $1.09 billion in aggregate borrowings with Morgan Stanley Senior Funding, Inc. as administrative agent
Pledged collateral includes 127,631,450 Class A shares, 44,990,370 Class B shares and 44,990,370 Jersey Mike's HoldCo common units
Pledged collateral represents approximately 54.3% of Class A common stock, assuming exchange of all outstanding common units
Company is not a party to the loan documents and says it did not independently verify the disclosure
Jersey Mike's reported second-quarter 2026 results for the 13 weeks ended June 28, 2026, with total revenue up 10% year over year to $208 million and same-store sales up 2.3%. Net income fell to $37 million from $59 million, while Adjusted EBITDA rose 7% to $114 million. The company also gave full-year 2026 guidance, which for shareholders sets targets for same-store sales, store growth and Adjusted EBITDA.
Total revenue rose 10% to $208 million; systemwide sales rose 10% to $1.210 billion
Net income was $37 million versus $59 million a year earlier, including a $14 million gain on sale of company-owned stores
Adjusted EBITDA rose 7% to $114 million, including a $10 million net adverse impact from advertising fund timing
Full-year 2026 outlook: same-store sales growth of 2.5-3.0%, net unit growth of at least 8%, Adjusted EBITDA growth of at least 20%
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Jersey Mike's Subs Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →