Jersey Mike’s files for IPO, plans NYSE listing under ticker JMKE

According to CNBC, sandwich chain Jersey Mike’s filed for an initial public offering on Thursday and said in its filing that same-store sales cumulatively climbed 50% from 2020 through 2025. The company plans to trade on the New York Stock Exchange under the ticker “JMKE” and reported net income of $55 million on total revenue of $724 million last year, up from net income of $5 million on revenue of $653 million in 2024; annual system sales reached $4.3 billion, up 13% from the prior year, while same-store sales rose 3%. Jersey Mike’s said it has nearly 3,300 locations, and noted that Blackstone bought a majority stake more than a year earlier in a deal that reportedly valued the chain at roughly $8 billion; after that transaction closed, the company named Charlie Morrison as CEO, while founder Peter Cancro retained “meaningful equity” and a board seat.