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Update: Jersey Mike's Subs Shares Rise After Higher Fiscal Q2 Revenue Posted

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(Updates with the latest stock movement in the headline and first paragraph.)

Jersey Mike's Subs (JMKE) shares were up 6.8% in Wednesday morning trading after the company posted higher fiscal Q2 revenue.

The company reported a fiscal Q2 net income of $37 million, compared with $59 million a year earlier.

Analysts polled by FactSet expected $44.8 million.

Revenue for the quarter ended June 28 was $208 million, compared with $189 million a year earlier.

Analysts projected $208.7 million.

The company expects fiscal 2026 same-store sales growth of 2.5% to 3%, including 3% to 4% in Q3.

Price: $22.22, Change: $+1.42, Percent Change: +6.83%

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