The following table sets forth the computation of basic and diluted earnings (loss) per share of Class A common stock for the period from July 31, 2026 to September 27, 2026: | | | | | | | (in millions, except per share amounts) | July 31 - September 27, 2026 | | Numerator — basic: | | | Net loss subsequent to the Reorganization Transactions | $ | (13) | | | Less: net loss attributable to noncontrolling interests | (2) | | | Net loss attributable to Jersey Mike’s Subs Inc. — basic | $ | (11) | | | | | Denominator — basic: | | | Weighted-average shares of Class A common stock outstanding — basic | 233 | | Basic loss per share of Class A common stock | $ | (0.05) | | | | | Numerator — diluted: | | | Net loss attributable to Jersey Mike’s Subs Inc. — basic | $ | (11) | | | Add: Net loss attributable to noncontrolling interests, net of incremental tax | (4) | | | Net loss attributable to Jersey Mike’s Subs Inc. — diluted | $ | (15) | | | | | Denominator — diluted: | | | Weighted-average shares of Class A common stock outstanding — basic | 233 | | Effect of dilutive securities: | | | Exchange of Common Units | 84 | | | Weighted-average shares of Class A common stock outstanding — diluted | 318 | | Diluted loss per share of Class A common stock | $ | (0.05) | |
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