CNBC
02 Jul 2026, 16:58 UTC · 2h ago
Sandwich chain Jersey Mike's files for IPO, reports 50% same-store sales growth in recent years
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
CNBC
02 Jul 2026, 16:58 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
5 claims · each scored for market impact
Jersey Mike's has filed for an initial public offering on the New York Stock Exchange under the ticker 'JMKE'. — Directly introduces a new large-cap investment opportunity in the consumer discretionary sector.
+0.60The company reported a significant jump in net income to $55 million from $5 million between 2024 and the previous year. — Strong bottom-line growth suggests high scalability and profitability, making the IPO more attractive to investors.
+0.50Jersey Mike's same-store sales climbed 50% cumulatively from 2020 through 2025. — Outperformance of the broader restaurant industry indicates strong brand demand and pricing power.
+0.40Continue reading
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Blackstone previously bought a majority stake in the chain at a reported valuation of roughly $8 billion. — Provides a high-profile valuation benchmark and suggests institutional confidence in the business model.
The company appointed former Wingstop CEO Charlie Morrison to lead the chain. — Leadership experience with a successful public market debut in the fast-casual sector reduces execution risk.
+0.20Which stocks this story touches
The company is filing for an IPO with strong growth in same-store sales and significant increases in net income.
Blackstone owns a majority stake in Jersey Mike's, which is showing strong financial growth and moving toward an IPO.
Mentioned only as previous experience for the new CEO of Jersey Mike's.
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