Recent

% | $
Quotes you view appear here for quick access.

Sonic Corporation (SONC) Message Board

  • SortNewest  |  Oldest  |  Most Replied Expand all replies
    • http://finance.yahoo.com/news/sonic-reports-25-increase-fourth-200100279.html

      Sentiment: Strong Buy

    • Your link above doestn't work.

    • Sonic Reports Strong Fourth Fiscal Quarter 2013 Financial Results

      Same-Store Sales Trends Position Company for Solid Start to 2014
      Business WirePress Release: Sonic Corp. – 9 hours ago..

      Sonic Corp. (SONC), the nation's largest chain of drive-in restaurants, today announced results for the fourth quarter and fiscal year ended August 31, 2013.

      Key highlights of the company's fourth fiscal quarter included:
      • The company's net income was $0.21 per diluted share compared with net income per diluted share of $0.25 in the fourth fiscal quarter of fiscal 2012;
      • Excluding certain adjustments, which are detailed below, net income per diluted share increased 20% to $0.30 from $0.25 in the fourth fiscal quarter of 2012; and
      • As previously announced, system-wide same-store sales increased 5.9% during the fourth fiscal quarter, consisting of a 6.0% same-store sales increase at franchise drive-ins and an increase of 5.2% at company drive-ins.

      Key highlights of the company's fiscal year 2013 included:
      • The company's net income was $0.64 per diluted share compared with net income per diluted share of $0.60 in fiscal 2012;
      • Excluding certain adjustments, which are detailed below, net income per diluted share increased 20% to $0.72 from $0.60 in fiscal 2012;
      • System-wide same-store sales increased 2.3%, consisting of a 2.3% same-store sales increase at franchise drive-ins and an increase of 2.5% at company drive-ins;
      • Company drive-in margins improved by 60 basis points; and
      • The company purchased $35.5 million in stock representing 6% of the company’s outstanding shares.

      “Strong same-store sales during our summer quarter highlighted the strength and momentum of our business,” said Cliff Hudson, Chairman, Chief Executive Officer and President. “We are very pleased with our sales and profit performance

      Sentiment: Hold

      • 1 Reply to drmicrocaps
      • Sonic Announces 4.6% System Same-Store Sales Increase for Fourth Fiscal Quarter

        Adjusted EPS Increase of 17% for the Fiscal Year

        Business Wire
        Sonic Corp.
        OKLAHOMA CITY--(BUSINESS WIRE)--

        Sonic Corp. (SONC), the nation’s largest chain of drive-in restaurants, today announced results for the fourth fiscal quarter and fiscal year ended August 31, 2014.

        Key highlights of the company’s fiscal year 2014 included:
        • Net income per diluted share was $0.85 compared with net income per diluted share of $0.64 in fiscal 2013; excluding certain adjustments outlined below, net income per diluted share increased 17% to $.84 compared with $0.72 in fiscal 2013;
        • System same-store sales increased 3.5%, consisting of a 3.5% same-store sales increase at both franchise and company drive-ins;
        • Company drive-in margins improved by 90 basis points;
        • 40 new drive-ins were opened; and
        • The company repurchased $80 million in stock representing 7% of the company’s outstanding shares as of the beginning of the fiscal year.

        Key highlights of the company’s fourth fiscal quarter included:
        • Net income per diluted share was $0.34 compared with net income per diluted share of $0.21 in the fourth fiscal quarter of 2013; excluding certain adjustments outlined below, net income per diluted share increased 13%;
        • System same-store sales increased 4.6% over a 5.9% increase in the fourth quarter of fiscal 2013, consisting of a 4.5% same-store sales increase at franchise drive-ins and an increase of 4.9% at company drive-ins;
        • Company drive-in margins improved by 150 basis points versus the fourth quarter of fiscal 2013;
        • 17 new drive-ins were opened; and
        • The company repurchased approximately $10.6 million of stock.

        “Our fourth quarter capped off a great year for Sonic, and we believe that the business is well positioned for continued growth,” said Cliff Hudson, Sonic Corp. CEO,

        Sentiment: Hold

 
SONC
28.68+0.73(+2.61%)3:26 PMEDT