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Jersey Mike's Subs (JMKE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · Jersey Mike's Subs (JMKE) Q3 2026 earnings results →
Q3 2026 Revenue up 10% year over year to $209M · 6¢ of every $1 of revenue kept as net profit · operating margin 23.0%
Jersey Mike's Subs made $209M in Q3 2026 (+10% Y/Y): Royalties and other revenues $143M, Advertising revenue $57.0M, Company-owned stores sales $9.0M. Operating margin 23.0%, net earnings $12.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.
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What changed this quarter
Revenue was $209.0M in Q3 2026, up 10% year over year. Royalties was the largest line at 36% of revenue. Royalties added $7.0M year over year (up 10%), 37% of the total change.
Operating profit was $48.0M, a 23.0% margin (down 7.6 points year over year). Operating profit fell $10.0M even though revenue rose $19.0M versus a year earlier, so costs grew faster than sales. Total costs grew 22% against revenue growth of 10%. The fastest-growing cost line was General & admin (+61%). Net earnings were $12.0M, down 62% year over year ($10.0M including minority interests, which bore $2.0M of losses). The effective tax rate was 41.2%.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 28, 2026 | $209M | +10% | 23.0% | $12.0M | — |
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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About Jersey Mike's Subs
Jersey Mike’s Subs Inc. (the “Corporation” and, together with its consolidated subsidiaries, “Jersey Mike’s” or the “Company”) was incorporated as a Delaware corporation on February 24, 2026 for the purpose of facilitating an initial public offering (the “IPO”) and related transactions in order to carry on the business of Jersey Mike’s HoldCo, LLC (“Jersey Mike’s Holdings”) and its subsidiaries. Following the IPO and the Reorganization Transactions described below, the Corporation is a holding company whose principal asset is its equity interest in Jersey Mike’s Holdings, held directly or indirectly through wholly owned subsidiaries. As the managing member of Jersey Mike’s Holdings, the Corporation operates and controls all of the business and affairs of Jersey Mike’s Holdings and, through Jersey Mike’s Holdings and its subsidiaries, conducts the Company’s business.
In its own words, from its 10-Q, filed Oct 28, 2026.
Jersey Mike's Subs against its Retail-Eating Places peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +8%. Operating margin: 23.0% against the peers' median 13.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| JMKE Jersey Mike's Subs | Q3 2026 | $209M | +10% | 23.0% |
| MCD McDonald's | Q3 2026 | $7.2B | +1% | 50.2% |
| ARMK Aramark | Q3 FY26 | $5.1B | +9% | 4.3% |
| YUMC Yum China Holdings | Q3 2026 | $3.5B | +8% | 13.0% |
| CMG Chipotle Mexican Grill | Q3 2026 | $3.3B | +10% | 13.7% |
| DRI Darden Restaurants | Q1 FY27 | $3.2B | +5% | 10.0% |
| QSR Restaurant Brands International | Q3 2026 | $2.5B | +3% | 27.6% |
| YUM Yum Brands | Q3 2026 | $2.1B | +4% | 112.8% |
| TXRH Texas Roadhouse | Q3 2026 | $1.6B | +10% | 6.5% |
Source: Jersey Mike's Subs 10-Q on SEC EDGAR · CIK 2127043 · Retail-Eating Places
More on JMKE
History
Every quarter: Q3 2026 results