Edition:
United States

Sonic Corp (SONC.OQ)

SONC.OQ on NASDAQ Stock Exchange Global Select Market

27.89USD
11 Dec 2017
Change (% chg)

-- (--)
Prev Close
$27.89
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
244,977
52-wk High
$30.05
52-wk Low
$22.13

Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Sonic Corp reports Q4 earnings per share of $0.50

* Sonic fiscal 2017 earnings per share increase 12 pct driven by refranchising gains and asset sales