From SpaceX to sandwiches, 2026 has been a wild year for IPOs as Jersey Mike's files to go public

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52 segments

0:00

Jersey Mike's just filed to go public. I

0:01

mean, can I please get a number 13 on

0:03

Rosemary Parm? Mike's way to celebrate.

0:05

On Thursday, Jersey Mike's officially

0:07

filed for an IPO on the New York Stock

0:08

Exchange under the ticker JKME.

0:11

So, you can literally own a piece of the

0:13

Jersey Shore sandwich joint. Here's why

0:15

investors are paying attention.

0:16

System-wide sales hit 4.3 billion in

0:18

2025. That's actually up 13% from 3.7

0:22

billion in the year before. And get

0:24

this, same-store sales growth has been

0:25

positive for almost 20 years straight.

0:28

Last year, they were up 3%, which is

0:30

relatively good given that consumers

0:31

have been a little bit more

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budget-conscious over the past year.

0:33

Maybe it's Danny DeVito or maybe it's

0:35

the number 13 that seems to be bringing

0:37

in customers by the masses to Jersey

0:39

Mike's because Jersey Mike's actually

0:41

just overtook Chick-fil-A as America's

0:43

top quick-service restaurant, and

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Chick-fil-A had that spot for 11 years

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straight. This whole operation started

0:48

back in 1956 as Mike's Subs, and founder

0:51

Peter Cancro actually started working

0:53

there at the age of 14. By the age of

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17, he bought out Mike's Subs, and by

0:58

1987, he began franchising it. And now,

1:01

there are about 3,000 locations with one

1:04

in every single state across the US.

1:06

Now, 99% of the company is franchised.

1:09

But, they're not stopping there. They

1:10

plan to open about 7,500 more US

1:12

locations and eventually have the goal

1:14

to have 15,000 Jersey Mike's worldwide.

1:17

Blackstone took a majority stake within

1:19

the company back in 2024, and it's been

1:21

making some changes. It brought in

1:23

industry veteran and former Wingstop CEO

1:25

Charlie Morrison to helm the company to

1:27

take it into the next chapter. At the

1:29

time of the acquisition, founder Peter

1:30

Cancro said, "Jersey Mike's is still in

1:33

the early innings of its growth story."

1:35

This all comes as the IPO market is

1:36

really heating up this year. I mean,

1:38

from SpaceX to sandwiches. So, what do

1:40

you say? Are you interested in buying a

1:41

piece of the sandwich joint?

Interactive Summary

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Jersey Mike's has officially filed for an IPO on the New York Stock Exchange under the ticker JKME, reflecting strong financial growth and a massive expansion strategy. The chain recently overtook Chick-fil-A as the top quick-service restaurant in America, boasting 20 years of consecutive same-store sales growth. With Blackstone now a majority stakeholder and aggressive plans to grow from 3,000 to 15,000 locations worldwide, the company is positioning itself for a significant new chapter under the leadership of veteran CEO Charlie Morrison.