New to the forum. Was curious.2010 Annual Revenue / # Store Locations = = $570,000,000 / 3500 = $162,857Am I missing a decimal somewhere. This seems VERY low!
You cannot use report company salebecasue Sonic ended 2009 with 3,052 franchised restaurants and 484 company operated restaurants. They do report the total sales in the 10-K and 10-Q.2009 total sales $3,843,000Avg stores 3,512$1,094,000 per store
Sonic Corp does not include franchise store sales as part of their income.Revenue = royalty fees + corp-store sales
It may be more difficult. Are you using revenue for company owned stores divided by # of company stores? Or are you mixing franchise stores in total stores number?