Jersey Mike's confidentially filed for an IPO after Blackstone acquired a majority stake valuing the chain at ~$8B. The company operates 3,000+ locations and ranks as the second-largest hoagie chain in the U.S. behind Subway. Jersey Mike's reported $309.8M in revenue in 2025, up 10.6%, and net income of $183.6M. Former Wingstop CEO Charlie Morrison was appointed following the Blackstone deal.
