$SONC (Sonic Corp.)

$SONC {{ '2016-06-23T20:53:05+0000' | timeago}} • Announcement

Drive-in restaurant chain operator $SONC reported a decrease in net income to $15.4MM or $0.31 per share in 3Q16 compared with $20.4MM or $0.38 per share in 3Q15. Diluted EPS decreased 18% in 3Q16. Adjusted diluted EPS rose 19% to $0.43. Total revenues grew to $165.2MM from last year.

$SONC {{ '2018-01-16T11:36:23+0000' | timeago}} • Announcement

$SONC's BoD declared a quarterly cash dividend of $0.16 per share of common stock. The dividend is payable on Feb. 16, 2018 to shareholders of record as of Feb. 7, 2018. In addition to the dividend, the company has a share repurchase authorization for up to $160MM of its common stock through Aug. 31, 2018.

$SONC {{ '2018-01-04T21:39:11+0000' | timeago}} • Announcement

For FY18, $SONC expects adjusted EPS to increase 5-10% YoY, excluding the impact of the recently passed federal tax legislation. The company expects approx. 0-2% same-store sales growth for the system. CapEx is expected to be $38-40MM. $SONC expects 70-80 new franchise drive-in openings in FY18.

$SONC {{ '2018-01-04T21:35:06+0000' | timeago}} • Announcement

$SONC reported net income of $11.4MM or $0.29 per share in 1Q18 compared to $13.1MM or $0.28 per share in 1Q17. Adjusted EPS increased 25% to $0.30 in 1Q18. Revenues were $105.4MM, down from $129.5MM last year. System same-store sales declined 1.7%.

$SONC {{ '2017-10-16T20:51:03+0000' | timeago}} • Announcement

For FY18, $SONC expects adjusted EPS to increase 5-10% YoY. The company expects approx. 0-2% system same-store sales growth in FY18. $SONC expects to open 70-80 new franchise drive-ins and to incur capital expenditures of $38-40MM during FY18.

$SONC {{ '2017-10-16T20:43:27+0000' | timeago}} • Announcement

$SONC reported a decrease in 4Q17 earnings. Net income totaled $20.8MM or $0.50 per share compared to $25.4MM or $0.53 per share in 4Q16. Adjusted EPS was $0.45 in 4Q17. Total revenues decreased to $123.5MM from $162.1MM last year. System same-store sales decreased 3.3%.

$SONC {{ '2017-10-04T20:10:28+0000' | timeago}} • Announcement

$SONC issued information regarding a recent payment card breach. The company said the credit and debt card numbers may have been acquired without authorization as part of a malware attack experienced at certain Sonic Drive-In locations.

$SONC {{ '2017-08-10T10:44:43+0000' | timeago}} • Announcement

$SONC BoD approved an incremental $160MM share repurchase authorization. The new authorization allows for the repurchase of up to $160MM of common stock through the end of FY18.

$SONC {{ '2017-08-10T10:43:01+0000' | timeago}} • Announcement

$SONC named Jose Duenas as EVP and Chief Brand Officer. Duenas will be responsible for the end-to-end customer experience of the SONIC brand for the long term. The company's BoD also approved the continuation of its quarterly cash dividend program. In 1Q18, $SONC expects to declare a quarterly dividend of $0.16 per share of common stock.

$SONC {{ '2017-07-06T20:19:33+0000' | timeago}} • Announcement

$SONC declared a quarterly cash dividend of $0.14 per share of common stock to be paid to shareholders as on August 9, 2017, with a payment date of August 18, 2017. Additionally, the company has a share repurchase authorization for up to $173MM of its common stock through August 31, 2017.

$SONC {{ '2017-06-22T22:26:18+0000' | timeago}} • Webcast

$SONC stated that regarding 2018 earnings guidance, the company believes it can return to a normalized EPS growth model. The company added that the model would be a little different as it is a higher franchise business now.

$SONC {{ '2017-06-22T21:48:20+0000' | timeago}} • Webcast

$SONC said it is refining its FY17 margin expectation to approx. 15.3% from the previous guidance of 15.5-16%, reflecting the lower same store sales assumption and the continued pressure on labor rates. $SONC added that it is on track to returning to its targeted cadence of low single digit same store sales growth.

$SONC {{ '2017-06-22T20:32:17+0000' | timeago}} • Infographic

$SONC Sonic Corp. Earnings AlphaGraphics: Q3 2017 highlights

$SONC {{ '2017-06-22T20:26:23+0000' | timeago}} • Announcement

While $SONC still sees FY17 adjusted EPS to decline 2-5% YoY, the drive-in fast-food restaurant chain now expects a 2.5% same-store sales decline for the system, 65 to 75 new franchise drive-in openings, capex of $46-48MM, free cash flow of $55-60MM and quarterly cash dividend of $0.14 per share in the year.

$SONC {{ '2017-06-22T20:22:07+0000' | timeago}} • Announcement

$SONC's 3Q17 net income per diluted share increased 42% to $0.44, even as system same-store sales declined 1.2%. Net income rose to $18.8MM from last year's $15.4MM, on total revenues of $124.0MM in the quarter.

$SONC {{ '2017-06-15T21:19:01+0000' | timeago}} • Announcement

$SONC appointed Lori Abou Habib as Chief Marketing Officer. In her new position, Habib would be responsible for leading brand strategy, product innovation, national marketing, brand management, media, digital strategy and marketing technology.

$SONC {{ '2017-06-13T12:44:56+0000' | timeago}} • Announcement

$SONC announced five new agreements for franchise development in greater Washington, D.C., New York City, the Ohio River Valley, Alabama, Virginia and Washington. A mainstay in the South and Central Plains, $SONC continues to expand in all areas of the country to meet ever-growing consumer demand.

$SONC {{ '2017-04-21T13:34:44+0000' | timeago}} • Announcement

$SONC's BoD declared a quarterly cash dividend of $0.14 per share of common stock. The dividend is payable on May 19, 2017 to shareholders of record on May 10, 2017. In addition to the dividend, the company has a share repurchase authorization for up to $173MM of its common stock through Aug. 31, 2017.

$SONC {{ '2017-03-28T21:59:32+0000' | timeago}} • Webcast

$SONC said the straight effective royalty rate would be messy because of the refranchising. It is a combination of three factors, primarily same-store sales performance, the number of new drive-ins opened and the license agreements for refranchising. $SONC anticipates the rate to be about flat to slightly down in 2H17.

$SONC {{ '2017-03-28T21:29:10+0000' | timeago}} • Infographic

$SONC Sonic Corp. Earnings AlphaGraphics: Q2 2017 highlights

$SONC {{ '2017-03-28T21:25:54+0000' | timeago}} • Webcast

In 2Q17, $SONC’s system same-store sales decreased 7.4%. The margins on company-owned drive-ins declined 330BP driven by the negative same-store sales and by the labor and technology investments made to-date. $SONC refranchised 54 additional drive-ins in 2Q17 which completed the initiative announced last year.

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