Jersey Mike's Sees Q3 Transaction Momentum Continuing, Truist Says

02:51 PM EDT, 09/09/2026 (MT Newswires) -- Jersey Mike's Subs (JMKE) saw same-store sales growth accelerate to 2.3% in Q2 from 1.3% in Q1, driven by transactions, with momentum continuing into Q3, Truist said in a note Wednesday. Systemwide sales rose about 10% to $1.21 billion, while revenue increased 10% to $208 million, according to the brokerage. Digital sales mix rose about 200 basis points year over year to 43%, Truist said. Management expects Q3 same-store sales growth of 3% to 4% and 2026 growth of 2.5% to 3.0% and adjusted EBITDA growth of at least 13% in Q3 and 20% for 2026, according to the brokerage. Truist maintained the company's buy rating and $30 price target. Price: 22.59, Change: +1.77, Percent Change: +8.50