NOW HAVING TROUBLE PUTTING FOOD
ON THE TABLE EACH NIGHT.
ENTER JERRY MIKE’SJERSEY MIKE’S
THE SANDWICH CHAIN DONATED 20%
OF ALL SALES TO FEEDING AMERICA
THIS WEEKEND, TWO DAYS.
THAT’S IT.
TWO DAYS.
HOW MUCH DID THEY RAISE?
HERE IN A FOX BUSINESS EXCLUSIVE
TO ANNOUNCE HOW MUCH MONEY THEY
HAULED IN TO HELP AMERICANS WHO
NEED IT, WE WELCOME JERSEY
MIKE’S CEO.
PETER, WELCOME.
GREAT TO HAVE YOU.
YOU KNOW, THIS PAST APRIL AT THE
HEIGHT OF THE PANDEMIC, YOU
RAISED $2 MILLION JUST LIKE
THAT.
BEFORE YOU HIT US WITH THE
NUMBER FROM THIS PAST WEEKEND
BECAUSE YOU THOUGHT LET’S DO IT
AGAIN AHEAD OF THANKSGIVING,
WERE YOU WORRIED THAT WITH THE
NATION STRUGGLING YOU MIGHT NOT
EVEN HIT THE NUMBER FROM APRIL?
>> NO.
FORTUNATELY, WE WERE ONE OF THE
COMPANIES ALLOWED TO STAY OPEN
AND SERVE, MOSTLY TAKEOUT WITH
ONLINE ORDERING AND THIRD PARTY
DELIVERY.
OUR SALES ARE DRAMATICALLY UP.
ONE OF THE FEW COMPANIES IN
AMERICA.
SO WE LIKE TO SHARE THAT WITH
OUR PEOPLE.
THE LINES WE SAW IN APRIL, I SAW
ON THE NEWS LIKE EVERYBODY ELSE,
AND AGAIN, I HEARD FROM SOURCES
THAT -- AND JUST THIS WEEKEND WE
SAW ANOTHER REPORT THAT SHOWED
THE LINES JUST AGAIN, NOT
STOPPING.
SO WE WERE DELIGHTED TO GO AHEAD
AND DO IT AGAIN THE WEEKEND
BEFORE THANKSGIVING, SATURDAY,
SUNDAY.
WE KIND OF PUSHED IT ON THE
MEDIA, IN OUR STORES AND IF I
MAY, WE BROKE ALL RECORDS.
THE WEEKEND WAS THE BUSIEST
WEEKEND IN THE COMPANY’S HISTORY
BUT AGAIN, MOSTLY TAKEOUT AND
THIRD PARTY DELIVERY SO SAFELY
DONE, AND WE RAISED ENOUGH FOR
25 MILLION MEALS, $2.5 MILLION
RAISED IN THE TWO DAYS, OR 25
MILLION MEALS FOR THOSE IN NEED.
LIZ: OH, MY.
OH, MY.
SO THAT TRANSLATES TO, WHAT, HOW
MANY MILLIONS OF DOLLARS WERE
YOU ABLE TO RAISE IN JUST 48
HOURS?
>> SO THAT’S $2.5 MILLION AND
AGAIN, IT STARTS WITH CLARE
FONTENOT, AND SHE SHARED THE
COMMERCIAL WITH ME AND SHE
REALLY GRABBED HOLD SO THANK
YOU, CLARE, IF YOU’RE WATCHING.
AMAZING JOB.
HER COMPANY, HER CREW, FEEDING
AMERICA.ORG, INCREDIBLE
ORGANIZATION THAT REALLY IS THE
BIGGEST ONE FOR THE FOOD BANKS
ACROSS THE COUNTRY.
WE WERE JUST SO PROUD TO TEAM UP
WITH THEM AND OUR CREWS AND
PEOPLE, WE HAD A BIG RALLY THIS
WEEK TO GET READY FOR IT, AND
JUST THANK YOU TO ALL OUR TEAMS
AND CREWS OUT THERE.
TREMENDOUS, TREMENDOUS EFFORT.
LIZ: FANTASTIC.
PETER, I WANT TO JUST GO TO THE
BUSINESS ANGLE HERE, AND I
REMEMBER EARLY IN THE PANDEMIC,
I HAVEN’T FED THE KIDS, IT’S
9:00 AT NIGHT, I RAN TO JERSEY
MIKE’S IN FORT LEE AND I SAID
LISTEN, IT’S ALMOST 9:00, YOU
GUYS ARE CLOSING?
HE SAID, THE MANAGER THERE SAID
WE ACTUALLY HAVE TO STAY OPEN
LATE BECAUSE BUSINESS IS THAT
GOOD.
PEOPLE WERE RUSHING IN AND SO
YOU HAVE HAD THAT SORT OF SWEET
SPOT, YOU HAVE BEEN ABLE TO
CONTINUE TO DO THAT, BUT TALK
ABOUT WHETHER ANY OF YOUR
FRANCHISEES HAVE SUFFERED, IF
YOU HAVE HAD TO CLOSE ANY DUE TO
WHAT WE KNOW IS HAPPENING
TOMORROW NIGHT AT 10:00 P.M.
PACIFIC TIME IN LOS ANGELES, AND
THAT IS ALL OUTDOOR DINING IS
CLOSING AS WELL.
NOT JUST INDOOR DINING.
ONLINE ORDERING IS STILL OKAY.
BUT CAN YOU GIVE US SOME
GRANULARITY ABOUT THAT?
>> SO SINCE THE FIRST STORE
OPENED IN 1956 AT THE JERSEY
SHORE, IT’S BEEN MOSTLY TAKEOUT.
SO WE’RE NOT GOING TO DO
ANYTHING AFTER THE PANDEMIC THAN
WHAT WE HAVE ALREADY BEEN DOING.
IT’S MOSTLY I WOULD SAY 80%
TAKEOUT AND THEN OBVIOUSLY,
THERE’S NO SIT-DOWN DINING SO
IT’S ALL TAKEOUT.
WE WERE FORTUNATE TO BE ABLE TO
REALLY RAISE UP AND BE ALMOST
20% UP IN SAME STORE SALES WHICH
IS PHENOMENAL IN THE RESTAURANT
BUSINESS TODAY.
WE HAVE TAKEN THAT IN TURN AND
GONE AFTER, YOU KNOW, REALLY
TRYING TO SEE WHAT WE CAN DO FOR
THE COMMUNITY, FOR THOSE IN
NEED, AND WE’RE NOT GOING TO
STOP.
LIZ: PETER CANCRO IS THE CEO OF
JERSEY MIKE’S.
THIS IS A CLASSIC CASE OF NOT
JUST TAKING THE PROFITS FOR THAT
TOP SORT OF CREAM OF THE CROP.
THEY ARE GIVING BACK TO
AMERICANS IN A HUGE WAY.
THANK YOU SO MUCH.
>>> THERE IS ONE THING I SHOULD
LET ALL OF OUR VIEWERS KNOW.
PETER’S RISE TO THE TOP IS AN
ABSOLUTELY INCREDIBLE STORY.
SO MUCH SO THAT I HAVE PROFILED
HIM ON MY EVERYONE TALKS TO LIZ
PODCAST AND IT WAS THE MOST
POPULAR OF ALL OF OUR 50 PLUS
PODCASTS.
BUT WE ALSO, IN THE PAST, HAVE
PROFILED FEEDING AMERICA CEO
CLARE BABINEAUX FONTENOT.
YOU HAVE TO LISTEN TO THEIR
JOURNEYS OF HOW THEY HELPED
CHANGE THE WORLD.
BY THE WAY, PETER BOUGHT THE
ORIGINAL JERSEY MIKE’S AT THE
AGE OF 17, WHEN HE WAS JUST A
HIGH SCHOOLER AND HE WAS WORKING
THERE AND IT WAS GOING OUT OF
BUSINESS.
OKAY.
HE MANAGES TO GET SOME LOAN AS A
17-YEAR-OLD IN NEW JERSEY.
IT’S AN INCREDIBLE STORY.
FIND IT ON SPOTIFY, APPLE OR
WHEREVER YOU GET YOUR PODCASTS.