American fast casual chain rooted in Madison Square Park.
Multiple chains are recalibrating value strategies after rocky quarters, with Wendy’s evaluating breakfast relevance amid store closures and sales declines, while McDonald’s faces criticism over its under-$3 menu and promo cadence. Executives warn that strategic missteps on discounts and menu launches have hurt traffic and confidence.
Jersey Mike’s is preparing to list on the New York Stock Exchange after a Blackstone-led deal values the chain at about $8 billion. The S-1 shows plans for rapid expansion to roughly 7,500 U.S. stores and up to 15,000 globally, with Canada and the U.K. & Ireland targeted. The menu is positioned as protein-forward, aligning with demand for GLP-1 weight-loss drugs.
TikTok video shows Shake Shack kiosk auto-updating prices by 50 cents per shake when no tip is selected, prompting backlash and Shake Shack denial that pricing changes are policy. Independent and New York Post report the incident in Salt Lake City, with HMSHost investigating and saying it was a kiosk error.