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Sonic Corporation (SONC) Message Board

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  • Reply to

    2nd Quarter and 6 month results

    by drmicrocaps Apr 13, 2012 11:25 AM

    Sonic Reports Strong Second Fiscal Quarter Results
    Same-Store Sales Grow In Spite of Difficult Weather
    Business Wire Sonic Corp.
    March 24, 2014 4:05 PM

    Sonic Corp. (SONC), the nation's largest chain of drive-in restaurants, today announced results for the second fiscal quarter ended February 28, 2014.

    Key highlights of the company's second fiscal quarter included:

    Net income per diluted share was $0.07 compared with reported net income per diluted share of $0.06 in the second fiscal quarter of 2013; excluding certain adjustments in the second fiscal quarter of 2013 as outlined below, net income per diluted share increased 40% in the second fiscal quarter of 2014;
    System-wide same-store sales increased 1.4%, consisting of an increase of 1.5% at franchise drive-ins and an increase of 1.3% at company drive-ins;
    Company drive-in margins improved 80 basis points; and
    The company repurchased approximately $51 million of stock representing almost 5% of its stock outstanding as of the beginning of the quarter.
    “We are very pleased with our second quarter results, especially in light of the difficult weather that impacted many of our markets. Our solid sales and financial performance resulted from multiple system-wide initiatives such as increased media efficiency, innovative products and layered day-part promotions. These initiatives complement our focus on service, products and pricing,” said Cliff Hudson, Chairman, Chief Executive Officer and President. “During the quarter we also began to roll out our technology initiatives, as well as signed new franchise development agreements for the development of 26 new drive-ins.

    “In addition to great operating results, we used existing cash and free cash flow1 to repurchase $51 million in shares at an average price of $19.14 per share, representing nearly 5% of our outstanding shares. Since our current repurchase program began in fiscal 2012, we have repurchased more than $125 million of stock.

    Sentiment: Hold

  • They're opening 3 billion new locations........whats that called moron??

  • Reply to

    Level II Quotes say we end day under $23

    by mpic_03 Mar 25, 2014 3:34 PM

    I took profits, and will wait for it to settle back, and then buy back in

  • I haven't actually verified those numbers, but I'll take the consensus estimate that they beat by a penny and met revenues.

    The real gift is the almost certain profit to be made from shorting this company at the right time. When the next recession hits, do you think SONC is going to be a $30 stock of a $5 stock? SONC was up 100% last year. Look at their competitors, McDonalds, Burger King, Jack in the Box, In & Out, Five Guys, Wendys et. al. or what ever regional grease pits they're up against. You honestly think SONC is a growth company?

    Be thankful for this media pump, bide your time, and prepare to make some real money.

  • vs. 82 cent expectations, that's a huge miss. Something's rotten in Denmark.

  • this will be closer to 22 than 23 by the end of the day

  • Very good report

  • Reply to

    nice and easy

    by laserola Mar 12, 2014 5:14 PM

    from who ? and what is there suggested top ? All so like that there is only 56 mill. out standing shares as of now

    Sentiment: Buy

  • My 1st time there today...........Terrible menu with not very appealing pics of food................Way, way over-priced burgers......$3.89 for a single-cheese burger?.....Good thing it was 1/2 price St. Pat's Day for burgers......A really stupid menu and menu board ste-up.....No room for the server between the menu board and the vehicle....They need to hand you your food from off to the side....(great)......Its all confusing and just a mess...............Sell them expensive drinks/shakes/ice-cream floats etc baby.....They take nearly 1/2 of the whole menu board...So, I need to ask again....Why do people go to Sonic???

  • Reply to

    nice and easy

    by laserola Mar 12, 2014 5:14 PM

    It was the new Buy Rating

  • well looks like just a few of us are buying and holding I think we have a winner here ! But what made sonic jump today ? I am thinking someone has see March 24 statements. I like the concept,the drive inn and the commercials, the food is pretty good too.

  • Reply to

    2nd quarter results will be annoounced:

    by drmicrocaps Mar 12, 2012 9:29 PM

    Sonic to Release Second Quarter 2014 Financial Results on March 24, 2014
    Business Wire Sonic Corp.

    Sonic Corp. (SONC), the nation's largest chain of drive-in restaurants, today announced that it will release results for the quarter ended February 28, 2014 after the market close on March 24, 2014. The company will host a conference call to review financial results on Monday, March 24, 2014, at 5:00 PM ET.

    The conference call can be accessed live over the phone by dialing (866) 454-4208 or (913) 312-0867 for international callers. A replay will be available one hour after the call and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the conference ID is 6821037. The replay will be available until Monday, March 31, 2014. An online replay of the conference call will be available approximately two hours after the conclusion of the live broadcast. A link to this event will be available on the investor section of the company's website.

    About Sonic

    SONIC®, America's Drive-In®, is the nation's largest chain of drive-in restaurants with more than 3,500 drive-ins serving approximately 3 million customers every day. Over the past 60 years, SONIC has delighted guests with signature menu items, more than 1 million drink combinations, friendly service by iconic Carhops and ongoing support of education through its award-winning Limeades for Learning® program. SONIC received top honors as America’s “#1 burger quick service restaurant,” ranking in the top 5 of all brands in the 2014 Temkin Experience Ratings report. For more information about Sonic Corp. (NASDAQ/NM: SONC) and its subsidiaries,


    Sonic Corp.
    Claudia San Pedro, 405-225-4846
    Vice President of Investor Relations/Communications and Treasurer

    Sentiment: Hold

  • Reply to

    Sonic Down

    by dlutzz Mar 3, 2014 4:14 PM

    because I bought 10000 shares Friday that's way

  • Why is Sonic down so much today?

20.61-0.23(-1.10%)Apr 17 4:00 PMEDT

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