Jersey Mike's Q3 revenue rises 10% to $209 million; GAAP net loss of $11 million
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
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.