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Jersey Mike's Subs (JMKE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Jersey Mike's Subs (JMKE) reported revenue of $209M for the third quarter 2026 (Q3 2026), +10% from a year earlier. Operating margin was 23.0%, net earnings $12.0M (5.7% of revenue).
Jersey Mike's Subs, Q3 2026: revenue $209M (+10% year over year), operating margin 23.0%, net earnings $12.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | — | +10% |
| Operating profit | $48.0M | — | -17% |
| Net earnings | $12.0M | — | -62% |
What changed
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%.
Questions
What was Jersey Mike's Subs' revenue in the third quarter 2026?
Jersey Mike's Subs (JMKE) reported revenue of $209M for the third quarter 2026 (Q3 2026), +10% from a year earlier.
Was Jersey Mike's Subs profitable in the third quarter 2026?
Operating profit was $48.0M (23.0% of revenue) and net earnings $12.0M.
Source: Jersey Mike's Subs 10-Q on SEC EDGAR.