Jersey Mike's Enters Europe With First UK Restaurant - Jersey Mike's Subs (NYSE:JMKE)

Jersey Mike’s Subs (NYSE: JMKE) surged nearly 2.3% in Monday trading after announcing its first restaurant in the U.K. The expansion backs a long-term plan to reach about 15,000 restaurants worldwide, versus more than 3,400 locations across the U.S. and Canada today. The new site near Oxford Street and Oxford Circus is the first under a master franchise agreement with founder Peter Cancro to develop 300 restaurants across the U.K. and Ireland. CEO Charlie Morrison expects to open four London locations before year-end. The company also recently completed a July 2026 IPO of 43 million shares and updated its 2026 outlook after reporting Q3 revenue of $209.0 million.