Jersey Mike’s Subs reported fiscal second-quarter revenue of $208 million, up 10% year over year and roughly matching Wall Street expectations, in its first earnings report since its Blackstone-backed initial public offering this summer. Same-store sales rose 2.3% on transaction growth, while digital orders increased to 43% of sales and the store base reached 3,378 locations. Net income fell to $37 million from $59 million, but adjusted EBITDA rose 7% to $114 million, or 18% excluding a $10 million advertising-fund timing impact. The company expects 2026 same-store sales growth of 2.5% to 3%, net unit growth of at least 8% and adjusted EBITDA growth of at least 20%.