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Jersey Mike's Heads to IPO | Business and Finance News
Description
Jersey Mike’s is going public—filing for an IPO as it rockets toward $4.3 billion in sales and 3,300 locations across all 50 states. With 50% same-store sales growth since 2020 and 20 straight years of positive growth, the sandwich chain is eyeing 7,500 new U.S. stores and hundreds more in Canada and the UK. Backed by Blackstone and new CEO Charlie Morrison, it’s now the top-rated quick-service restaurant in customer satisfaction—beating Chick-fil-A. Founder Peter Cancro says this is just the beginning.
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