v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 8 Months Ended 9 Months Ended
Jan. 15, 2025
Sep. 27, 2026
Sep. 28, 2025
Sep. 28, 2025
Sep. 27, 2026
Total revenues $ 28 $ 209 $ 190 $ 518 $ 602
Operating expenses:          
General and administrative expenses 19 87 54 127 231
Advertising expenses 8 46 45 130 161
Depreciation and amortization 0 26 25 71 77
Company-owned stores expenses 1 7 8 22 26
Total operating expenses 28 166 132 350 495
Revaluation of contingent liability 0 (2) 0 0 (2)
Gain on sale of company-owned stores 0 7 0 0 21
Operating income 0 48 58 168 126
Interest income (1) (3) (3) (8) (6)
Interest expense 5 28 29 71 89
Loss on debt extinguishment 0 6 0 0 13
Income (loss) before income tax expense (4) 17 32 105 30
Income tax expense 0 7 0 0 7
Net income (loss) (4) 10   105 23
Less: Net loss attributable to noncontrolling interest   $ (2)     $ (2)
Net loss attributable to Jersey Mike’s Subs Inc. (4)   32 105  
Loss per share attributable to Jersey Mike’s Subs Inc.          
Basic (in dollars per share) [1]   $ (0.05)     $ (0.05)
Diluted (in dollars per share) [1]   $ (0.05)     $ (0.05)
Weighted-average shares of Class A common stock outstanding          
Basic (in shares) [1]   233     233
Diluted (in shares) [1]   318     318
Royalties and other revenues          
Total revenues 19 $ 143 128 344 $ 403
Advertising revenue          
Total revenues 7 57 53 147 165
Company-owned stores sales          
Total revenues $ 2 $ 9 $ 9 $ 27 $ 34
[1] Represents earnings (loss) per share of Class A common stock and weighted-average shares of Class A common stock outstanding for the period from July 31, 2026 through September 27, 2026, the period following the Reorganization Transactions and IPO. Earnings per share information is not presented for periods prior to the IPO because Jersey Mike’s capital structure before the Reorganization Transactions is not comparable.