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Sonic Corp (SONC.OQ)

SONC.OQ on NASDAQ Stock Exchange Global Select Market

43.49USD
6 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Sonic Corp ‍Announces Promotion Of Corey Horsch To CFO
Friday, 2 Feb 2018 11:04am EST 

Feb 2 (Reuters) - Sonic Corp ::SONIC CORP - ‍ANNOUNCED PROMOTION OF COREY HORSCH TO CHIEF FINANCIAL OFFICER​.SONIC CORP - SAN PEDRO MOST RECENTLY SERVED COMPANY AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER.  Full Article

Sonic Announces Financing Transaction
Tuesday, 16 Jan 2018 08:00am EST 

Jan 16 (Reuters) - Sonic Corp ::SONIC ANNOUNCES FINANCING TRANSACTION.SONIC SAYS UNITS INTEND TO ISSUE ABOUT $170 MILLION OF NEW FIXED RATE NOTES.SONIC - UNITS EXPECT TO REDUCE CAPACITY UNDER REVOLVING CREDIT FACILITY OF SERIES 2016-1 VARIABLE FUNDING SENIOR SECURED NOTES, CLASS A-1 TO $100 MILLION.  Full Article

Sonic Corp Reports Q1 Adjusted Earnings Per Share Of $0.30
Thursday, 4 Jan 2018 04:08pm EST 

Jan 4 (Reuters) - Sonic Corp ::SONIC REPORTS FIRST FISCAL QUARTER 2018 EARNINGS PER SHARE GROWTH.Q1 ADJUSTED EARNINGS PER SHARE $0.30.Q1 EARNINGS PER SHARE $0.29.Q1 EARNINGS PER SHARE VIEW $0.25 -- THOMSON REUTERS I/B/E/S.Q1 SAME STORE SALES FELL 1.7 PERCENT.SONIC- EXPECT ADJUSTED EPS FOR FISCAL YEAR 2018 TO INCREASE 5% TO 10% YEAR OVER YEAR, EXCLUDING IMPACT OF RECENTLY PASSED FEDERAL TAX LEGISLATION​.QTRLY TOTAL REVENUES $105.4 MILLION VERSUS $129.6 MILLION.- ‍FOR FISCAL 2018 ANTICIPATES APPROXIMATELY 0% TO 2% SAME-STORE SALES GROWTH FOR SYSTEM​.- ‍FOR FISCAL 2018 ANTICIPATES FREE CASH FLOW OF APPROXIMATELY $60 MILLION TO $65 MILLION​.FY2018 EARNINGS PER SHARE VIEW $1.35 -- THOMSON REUTERS I/B/E/S.Q1 REVENUE VIEW $107.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Sonic Corp Says It Is Aware Southeastern Asset Management Filed Schedule 13D With SEC
Tuesday, 19 Dec 2017 08:30am EST 

Dec 19 (Reuters) - Sonic Corp ::SONIC CORP - ANNOUNCED IT IS AWARE SOUTHEASTERN ASSET MANAGEMENT FILED SCHEDULE 13D WITH SECURITIES AND EXCHANGE COMMISSION.  Full Article

Southeastern Asset Management Reports 16 Percent Stake In Sonic Corp
Monday, 18 Dec 2017 05:11pm EST 

Dec 18 (Reuters) - Sonic Corp ::SOUTHEASTERN ASSET MANAGEMENT REPORTS 16 PERCENT STAKE IN SONIC CORP AS OF DECEMBER 14 - SEC FILING.  Full Article

Sonic Director Frank Richardson Reports Sale Of 50,000 Shares At $28-$28.39/Share
Friday, 15 Dec 2017 02:33pm EST 

Dec 15 (Reuters) - Sonic Corp ::SONIC CORP DIRECTOR FRANK RICHARDSON REPORTS OPEN MARKET SALE OF 50,000 SHARES PRICED BETWEEN $28.00 TO $28.39/SHARE- SEC FILING.  Full Article

Sonic Corp reports Q4 earnings per share of $0.50
Monday, 16 Oct 2017 04:14pm EDT 

Oct 17 (Reuters) - Sonic Corp :Sonic fiscal 2017 earnings per share increase 12 pct driven by refranchising gains and asset sales.Q4 earnings per share $0.50.Q4 same store sales fell 3.3 percent.Q4 earnings per share view $0.43 -- Thomson Reuters I/B/E/S.Sonic Corp - ‍continues to expect adjusted earnings per share for fiscal year 2018 to increase 5 pct to 10 pct year over year​.Sonic Corp sees ‍fiscal year 2018 capital expenditures of $38 million to $40 million​.Sonic Corp - sees ‍approximately 0 pct to 2 pct same-store sales growth for system for fy 2018​.Sonic Corp - sees ‍70 to 80 new franchise drive-in openings for fy 2018​.Sonic Corp - qtrly total revenues $‍​123.6 million versus $162.1 million.Sonic Corp sees ‍ fiscal year 2018 free cash flow of approximately $60 million to $65 million​.Q4 revenue view $126.9 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $1.24 -- Thomson Reuters I/B/E/S.  Full Article

Sonic appoints chief brand officer
Wednesday, 9 Aug 2017 04:05pm EDT 

Aug 9 (Reuters) - Sonic Corp :Sonic appoints chief brand officer.Sonic Corp - ‍board of directors approves increase to dividend program​.Sonic Corp - ‍beginning in first fiscal quarter of 2018, company expects to declare a quarterly dividend of $0.16 per share of common stock​.Sonic Corp - ‍board of directors has approved an incremental $160 million share repurchase authorization​.Sonic Corp - ‍new authorization allows for repurchase of up to $160 million of common stock through end of fiscal 2018.​.  Full Article

Sonic reports Q3 earnings per share $0.44
Thursday, 22 Jun 2017 04:05pm EDT 

June 22 (Reuters) - Sonic Corp -:Sonic reports improved sales trend in fiscal third quarter.Q3 earnings per share $0.44.Q3 same store sales fell 1.2 percent.Q3 earnings per share view $0.41 -- Thomson Reuters I/B/E/S.Continues to expect adjusted earnings per share for fiscal year 2017 to decline 2% to 5% year over year.For FY 2017, co sees an approximate 2.5% same-store sales decline for system.Sees capital expenditures of $46 million to $48 million for fy 2017.Sees drive-in-level margins of 15.3% for fy 2017.Sonic corp q3 total revenues $‍123.9​ million versus $165.2 million.Q3 revenue view $126.0 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $1.25 -- Thomson Reuters I/B/E/S.Qtrly company drive-in margins increased by 40 basis points.  Full Article

SONIC Drive-In announces new franchisee agreements across U.S.
Tuesday, 13 Jun 2017 08:32am EDT 

June 13 (Reuters) - Sonic Corp ::SONIC Drive-In announces new franchisee agreements across the U.S..SONIC Drive-In - new agreements for franchise development in Greater Washington, D.C., New York City, Ohio River Valley, Alabama, Virginia, Washington.  Full Article

Fast food chain Bojangles to be taken private for $593 million

Fast-food chain Bojangles Inc is being taken private by investment firms Durational Capital Management LP and Jordan Co for $593.7 million, the latest deal in a sector that is struggling with high costs and increased competition.