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Sonic Corp (SONC.OQ)

SONC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Sonic reports Q2 earnings per share $0.25
Tuesday, 28 Mar 2017 04:05pm EDT 

Sonic Corp - : Sonic reports second fiscal quarter earnings per share growth of 14% driven by refranchising gains . Q2 adjusted earnings per share $0.15 . Q2 earnings per share $0.25 . Q2 same store sales fell 7.4 percent . Q2 earnings per share view $0.15 -- Thomson Reuters I/B/E/S . Sees fy drive-in-level margins of 15.5% to 16.0% . Sees fy capital expenditures of $40 million to $45 million r . Continues to expect adjusted earnings per share for fiscal year 2017 to be in range of down 7% to flat year over year . Qtrly total revenue $100.2 million versus $133.2 million . Sees negative 2% to 0% same-store sales for system in 2017 . Expected fy 2017 quarterly cash dividend of $0.14 per share . Sees 65 to 75 new franchise drive-in openings in 2017 . Q2 revenue view $105.0 million -- Thomson Reuters I/B/E/S .Fy2017 earnings per share view $1.26, revenue view $483.9 million -- Thomson Reuters I/B/E/S.  Full Article

Sonic Corp appoints Clifford Hudson to reassume position of president
Friday, 3 Mar 2017 05:36pm EST 

Sonic Corp : Sonic Corp - appointed Clifford Hudson to reassume position of president, in addition to role as chairman of board and ceo, effective March 9, 2017. .Sonic Corp - Hudson's appointment followed Todd Smith's resignation.  Full Article

Sonic Corp sees Q4 adjusted earnings per share $0.43 to $0.45
Tuesday, 27 Sep 2016 04:05pm EDT 

Sonic Corp : Sonic announces preliminary results for the fourth fiscal quarter of 2016 . Sees q4 adjusted earnings per share $0.43 to $0.45 . Sees q4 2016 earnings per share $0.51 to $0.53 . Says estimates that system-wide same-store sales for its fourth fiscal quarter decreased approximately 2.0% . Says estimated same-store sales performance reflects a decrease of approximately 3.0% at company drive-ins for q4 .Q4 earnings per share view $0.48 -- Thomson Reuters I/B/E/S.  Full Article

Sonic raises dividend by 27 pct in fiscal 2017
Thursday, 4 Aug 2016 04:05pm EDT 

Sonic Corp : Beginning in first fiscal quarter of 2017, company expects to declare a quarterly dividend of $0.14 per share of common stock .Sonic announces 27% increase to dividend program in fiscal 2017.  Full Article

Sonic Q3 earnings per share $0.31
Thursday, 23 Jun 2016 04:19pm EDT 

Sonic Corp : Reaffirming its outlook for adjusted earnings per share growth for fiscal year 2016 of 20% to 25% . The company is reaffirming its outlook for adjusted earnings per share growth for fiscal year 2016 of 20% to 25% . Sees 2016 capital expenditures of $35 million to $40 million . Q3 total revenue $165.2 million versus $164.7 million . Store sales growth for system for 2016 . In-Level margins flat-to-up 40 basis points for 2016 . Sees planned repurchase of at least $126 million of stock across fiscal year . Sonic Corp Says Announced Its Refranchising Initiative To Move Toward An Approximately 95%-Franchised system by end of fiscal year 2017 . Store sales grow 2.0% for third fiscal quarter . Q3 adjusted earnings per share $0.43 . Q3 earnings per share $0.31 . Q3 same store sales rose 2 percent .Q3 earnings per share view $0.42 -- Thomson Reuters I/B/E/S.  Full Article

Sonic Corp prices $425 mln securitized senior notes
Tuesday, 12 Apr 2016 01:00pm EDT 

Sonic Corp:Prices $425 million securitized senior notes.Says senior notes will have an expected life of seven years and bear interest at 4.472% per annum.Sonic units have entered into $150 million securitized revolving credit facility of series 2016-1 variable funding senior secured notes, class a-1.Says certain of its subsidiaries have priced $425 million of series 2016-1 class a-2 fixed rate senior secured notes.Says company does not expect to have any borrowings under the variable funding notes facility at closing.  Full Article

Sonic reaffirms FY 2016 EPS and same-store sales guidance
Tuesday, 5 Jan 2016 04:05pm EST 

Sonic Corp:EXpects its initiatives to drive 16% to 20% earnings per share growth for FY 2016.Anticipates 2% to 4% same-store sales growth for the system in FY 2016.  Full Article

Sonic gives FY 2016 same-store sales guidance
Monday, 19 Oct 2015 04:04pm EDT 

Sonic Corp:Sees FY 2016 2% to 4% same-store sales growth for the system.  Full Article

Sonic declares quarterly dividend
Thursday, 15 Oct 2015 04:01pm EDT 

Sonic:Declared a quarterly cash dividend of $0.11 per share of common stock to be paid to shareholders of record as of the close of business on November 11, 2015, with a payment date of November 20, 2015.Says this represents a 22% increase from the prior quarterly dividend of $0.09 per share.  Full Article

Sonic Corp authorizes new $145 million share repurchase program
Thursday, 6 Aug 2015 05:58pm EDT 

Sonic Corp:Authorized a stock repurchase program for up to $145 million of its common stock through August 31, 2016.Approved the continuation of the Company's quarterly cash dividend program.  Full Article

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BRIEF-Sonic reports Q2 earnings per share $0.25

* Sonic reports second fiscal quarter earnings per share growth of 14% driven by refranchising gains