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Jersey Mikes

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business1 month ago•3 min saved

Jersey Mike’s Debuts on NYSE with Big IPO Push

Jersey Mike's Subs began trading on the NYSE as JMKE, raising about $1B and valuing the company at roughly $7.3B after selling 43.5M shares; with nearly 3,300 locations, it’s the largest publicly traded hoagie chain and among the biggest U.S. restaurant IPOs. The stock opened around $21 (vs $23 IPO price) and has fallen about 2% since; proceeds will pay down debt and fund international expansion toward a 15,000-restaurant goal. CEO Charlie Morrison says a higher-income customer base helps weather dining trends, and the deal signals a positive path for other consumer IPOs.

via CNBC|

#business #franchising #ipo

business1 month ago•12 min saved

Blackstone's Jersey Mike's IPO Bets on Employee Ownership

Blackstone is taking Jersey Mike's public at a roughly $7 billion valuation after reshaping the chain with professional managers, a new board, and a broad employee-ownership plan funded by Blackstone’s payout. Corporate employees can receive cash or equity bonuses of 0–200% of eligible pay, with tenure-based adjustments; franchisees and non-corporate staff are excluded. Cancro stepped down as CEO and a new CEO was installed as expansion accelerates (UK/Ireland master franchise, 7,500 US restaurants planned) and debt refinancing supports growth. Blackstone will retain a large voting stake after the IPO.

via Business Insider|

#blackstone #business #employee-ownership

finance1 month ago•21 min saved

Blackstone's Jersey Mike's IPO doubles as an employee-ownership play

Blackstone is taking Jersey Mike's public at about a $7 billion valuation, transforming the founder-run chain into a professional company with new leadership and a broad employee-ownership plan funded by Blackstone’s payout. Corporate employees can receive cash or equity worth 0%–200% of eligible pay, while franchisees and store workers aren’t eligible. Cancro steps from CEO to board, Blackstone keeps roughly two-thirds of voting power, and expansion plans include a larger store pipeline and master franchise moves to Ireland (plus existing Canada expansion). This marks the first public outing of Blackstone’s broad ownership approach.

via Yahoo Finance|

#blackstone #employee-ownership #finance

business1 month ago•2 min saved

Fresh rival edges past Chick-fil-A as fast-food satisfaction tightens

Jersey Mike’s beat Chick-fil-A to the No. 1 spot in the latest American Customer Satisfaction Index quick-service rankings, but Chick-fil-A’s score stayed flat at 83 while Jersey Mike’s rose to 84. The shift reflects tighter competition driven by freshness, variety and perceived value; Chick-fil-A remains the leader in the chicken category, and drive-thru satisfaction was cited at 98% in a 2025 study. Readers can find the reports at acsi.com and qsrmagazine.com.

via USA Today|

#acsi #business #chick-fil-a

business2 months ago•10 min saved

Jersey Mike's plans IPO as sales soar and expansion accelerates

Jersey Mike's filed for a NYSE IPO under the ticker JMKE after rapid growth, reporting 50% same-store sales growth from 2020–2025 and systemwide sales of about $4.3 billion in 2025. With roughly 3,300 US locations, the chain aims to add 7,500 more US stores and expand globally to about 15,000 stores, including 300 in Canada by 2034 and 300 in the UK/Ireland. Founder Peter Cancro will play a key overseas role, Blackstone has held a majority stake since 2024, and Jersey Mike's was named America’s top-rated quick-service restaurant by the American Customer Satisfaction Index.

via Yahoo Finance|

#business #expansion #fast-food

business2 months ago•4 min saved

Jersey Mike’s files for IPO as Blackstone targets multi‑billion windfall

Jersey Mike’s, the New Jersey-based sandwich chain owned by Blackstone, has filed for an initial public offering as Blackstone seeks a roughly $10–12 billion valuation, aiming to unlock a quick windfall after acquiring a majority stake in 2024 for about $8 billion. The company posted $724 million in revenue and $55 million in net income last year, with same-store sales up 3%, and plans to use IPO proceeds to reduce part of its $2.1 billion debt tied to the Blackstone deal. The move underscores Blackstone’s outlook for more public listings and exits in a buoyant market, with co-investors including ADIA benefiting from the transfer of value.

via Financial Times|

#blackstone #business #ipo

business2 months ago•2 min saved

Jersey Mike’s tees up IPO amid steady growth and franchising strength

Jersey Mike’s filed to go public on the NYSE under JMKE, citing 2025 same-store sales up 3% (50% since 2020), net income of $55 million on $724 million revenue, and $4.3 billion in annual system sales across about 3,300 mostly franchised locations. Blackstone previously owned a majority stake; CEO Charlie Morrison (ex-Wingstop) leads the chain with founder Peter Cancro remaining involved as it eyes expansion.

via CNBC|

#blackstone #business #franchising

us-news2 months ago•24 min saved

NJ dentures in Jersey Mike’s sub spark bizarre NJ lawsuit

A New Jersey man says his Jersey Mike’s cheesesteak contained the delivery driver’s dentures, prompting a lawsuit against Grubhub and Jersey Mike’s alleging negligence and improper packaging; the driver reportedly told police she accidentally placed her dentures in the sandwich while checking orders.

via New York Post|

#food-safety #grubhub #jersey-mikes

entertainment2 months ago•47 min saved

Sub meltdown goes viral as shopper clashes with Jersey Mike’s over ranch

A viral clip shows a woman loudly berating Jersey Mike’s staff over a missing ranch on a chicken bacon ranch sub. The confrontation escalates to the point where police are called and the customer storms out, prompting online backlash and a debate about civility toward workers. The Daily Dot notes it could not independently verify the events in the video.

via Yahoo|

#customer-service #entertainment #jersey-mikes

business2 months ago•2 min saved

Jersey Mike's Surges to No. 1 in ACSI Fast-Food Rankings, Overtaking Chick-fil-A

ACSI's 2026 study crowns Jersey Mike's as America's top-rated fast-food chain with an 84/100 score, citing freshness, variety and value, while Chick-fil-A remains the leader in the chicken category. The shift follows Jersey Mike's growth after its 2024 Blackstone acquisition, with CEO Charlie Morrison eyeing rapid expansion (238 new stores in 2025 and ~3,200 current stores, potentially doubling) and over $4 billion in sales, even as overall U.S. fast-food growth slowed to about 3% in 2025.

via The Takeout|

#acsi #business #chick-fil-a

business2 months ago•11 min saved

Jersey Mike's Tops Fast-Food Crown, Ending Chick-fil-A's 11-Year Reign

Jersey Mike's overtook Chick-fil-A to claim the top spot in the American Customer Satisfaction Index's fast-food rankings, ending Chick-fil-A's 11-year reign. Jersey Mike's was praised for freshness, variety, and value and expanded to 238 new locations in 2025, reaching $4.2 billion in systemwide sales. Chick-fil-A remains the leader in the chicken category, with other top chains including Jimmy John's, Subway, KFC, and Domino's also highly ranked. Analysts say rising costs and price-driven growth are shaping the current landscape, with new brands entering the top tier.

via Yahoo Finance|

#american-customer-satisfaction-index #business #chick-fil-a

offbeat2 months ago•25 min saved

Jersey Mike's tops Chick-fil-A in new customer-satisfaction rankings

Jersey Mike's has overtaken Chick-fil-A as the top-rated quick-service restaurant in the American Customer Satisfaction Index's 2026 Restaurant and Food Delivery Study, scoring 84 to Chick-fil-A's 83; Jersey Mike's was praised for freshness, variety and value and benefited from opening 238 new locations in 2025, while Chick-fil-A remains the leader in the chicken category.

via WKRC|

#acsi-restaurant-study-2026 #american-customer-satisfaction-index #chick-fil-a

business2 months ago•3 min saved

Jersey Mike’s overtakes Chick‑fil‑A to top 2026 ACSI quick‑service rankings

ACSI’s 2026 rankings crown Jersey Mike’s as the top quick-service restaurant, scoring 84 to Chick-fil-A’s 83 and ending Chick-fil-A’s 11-year reign. Jersey Mike’s growth (238 new locations, over $4.2B in sales) helped it edge out the leader as consumers seek consistency and value, with industry-wide gains in mobile app satisfaction amid a challenging 2025.

via USA Today|

#acsi #business #chick-fil-a

business2 months ago•5 min saved

Jersey Mike's Edges Chick-fil-A for First ACSI Lead in a Decade

Jersey Mike's topped the American Customer Satisfaction Index quick-service rankings with a score of 84, narrowly beating Chick-fil-A's 83 and marking the first new leader in the QSR category in more than a decade, based on 16,464 surveys from April 2025 to March 2026. The Jersey Mike's chain, with over 4,000 locations, was credited for strong customer satisfaction amid rapid growth and a model favoring throughput and off‑premise convenience, including digital pickup. Chick-fil-A remains the top chicken chain but dropped to second overall. Jimmy John's and Panda Express tied for third at 81; KFC, Papa John's and Pizza Hut followed at 80, with other chains ranking below.

via Fox News|

#acsi #business #chick-fil-a

business4 months ago•2 min saved

Jersey Mike's Set for IPO After Blackstone Takeover

Jersey Mike's confidentially filed for an IPO, more than a year after Blackstone acquired a majority stake in a deal valued around $8 billion; led by former Wingstop CEO Charlie Morrison, the 3,000-location hoagie chain posted 2025 revenue of $309.8 billion and net income of $183.6 million, with founder Peter Cancro having built the business before the Blackstone sale.

via CNBC|

#blackstone #business #charlie-morrison