Jersey Mike’s Subs Files for IPO as Sandwich Chain Accelerates Global Expansion

Jersey Mike’s Subs has officially taken a major step toward becoming a publicly traded company after filing for an Initial Public Offering (IPO) on the New York Stock Exchange (NYSE) under the ticker symbol “JMKE.” The move marks a significant milestone for one of America’s fastest-growing sandwich chains, as the company looks to raise capital to support its ambitious expansion plans across the United States and international markets.

According to its regulatory filing, Jersey Mike’s has experienced remarkable growth over the past several years. The company reported that same-store sales increased by 50% between 2020 and 2025, reflecting strong customer demand and sustained business momentum.

In 2025, the sandwich chain generated $4.3 billion in systemwide sales, representing a 13% increase compared to the previous year. Restaurants that had been operating for at least one year also recorded a 3% rise in sales, extending the company’s impressive streak of nearly 20 consecutive years of positive same-store sales growth.

Jersey Mike’s has also expanded its physical footprint at a rapid pace. The company currently operates approximately 3,300 locations across all 50 U.S. states, with about 99% of its restaurants run by franchise owners, making franchising a key driver of its growth strategy.

The company’s story dates back to 1956, when the original sandwich shop, Mike’s Subs, was established on the Jersey Shore. Founder Peter Cancro began working at the restaurant at just 14 years old before purchasing the business in 1975 at the age of 17. More than a decade later, in 1987, he launched the franchise model that transformed Jersey Mike’s into one of the largest sandwich brands in the United States.

Despite its nationwide presence, the company believes there is still substantial room for domestic expansion. Jersey Mike’s plans to open an additional 7,500 stores across the United States over time, with a long-term vision of growing its global network to approximately 15,000 locations.

International growth is also becoming a major priority. The company has already signed an agreement to develop 300 restaurants in Canada by 2034 and has secured another development deal to establish 300 stores across the United Kingdom and Ireland. Founder Peter Cancro is expected to play an active role in overseeing the brand’s international expansion.

The IPO filing comes at a time when Jersey Mike’s continues to strengthen its reputation among consumers. The sandwich chain recently earned the distinction of being America’s highest-rated quick-service restaurant in the latest American Customer Satisfaction Index (ACSI), ending Chick-fil-A’s 11-year run at the top of the rankings.

Although Jersey Mike’s has emerged as one of the fastest-growing restaurant brands in the country, it still trails Subway, which remains the largest sandwich chain in the United States with approximately 20,000 locations nationwide.

By entering the public markets, Jersey Mike’s is positioning itself for its next phase of growth, with new funding expected to support restaurant expansion, international development and continued investment in its franchise network. As the company prepares for its NYSE debut, investors and industry analysts will be closely watching whether the popular sandwich chain can maintain the strong momentum that has fueled its rapid rise in recent years.