Jersey Mike’s, Cumberland Farms File US IPOs as Jersey Mike’s 2025 Revenue Reaches $724 Million
Updated
Updated · Bloomberg · Jul 2
Jersey Mike’s, Cumberland Farms File US IPOs as Jersey Mike’s 2025 Revenue Reaches $724 Million
3 articles · Updated · Bloomberg · Jul 2
Summary
Jersey Mike’s and Cumberland Farms filed with the US SEC for initial public offerings, adding two consumer-facing names to a widening US new-listings pipeline.
Jersey Mike’s reported 2025 revenue of $724 million, up about 11% from $653 million a year earlier, according to its Thursday filing.
The sandwich chain’s franchise-heavy model lifted adjusted EBITDA to $339 million in 2025 from $263 million in 2024.
Blackstone backs Tinton Falls, New Jersey-based Jersey Mike’s, and the filings suggest the IPO market is broadening beyond companies tied to the artificial-intelligence boom.