During this period, there were few events directly related to McDonald's, with the main dynamic coming from its competitive landscape. Sub sandwich chain Jersey Mike's completed a $7.3 billion IPO, but priced below Blackstone's 2024 acquisition valuation.
- Competitor Jersey Mike's went public at a $7.3 billion valuation, below the $8 billion Blackstone paid in 2024.
- Jersey Mike's raised $1 billion on the NYSE, marking the largest U.S. consumer listing of the year.