News Summary

• Jersey Mike's CEO Charlie Morrison revealed the franchise’s magic revenue number: $2 million.
• The average sales the newly public sandwich chain wants each store pulling in, up from $1.4 million today.
• Morrison is also thinking bigger picture: the chain currently has more than 3,300 units, and he wants to eventually double that domestically while pushing hard into international markets for the first time.
• On the call, Morrison pointed to transactions growing “meaningfully above our peers” as proof the strategy is working.