Sonic Announces 11.5% Same-Store Sales Growth for the Second Quarter of Fiscal 2015
March 02 2015 - 8:00AM
Business Wire
Sonic Corp. (NASDAQ:SONC), the nation's largest chain of
drive-in restaurants, today announced that system-wide same-store
sales for its second fiscal quarter, which ended February 28, 2015,
increased approximately 11.5%. Same-store sales reflected an
increase of approximately 11.3% at company drive-ins and
approximately 11.5% at franchise drive-ins.
“Product innovation, continued growth in our core menu items and
our national media strategy all contributed to an exceptionally
strong sales quarter,” said Cliff Hudson, Chairman and Chief
Executive Officer. “We are particularly pleased that the majority
of our sales growth was driven by traffic, reflecting the positive
impact of our multiple initiatives and economic tailwinds. We
maintained our sales momentum through our seasonally slower time of
year and invested in incremental labor to ensure we sustain this
momentum going into our seasonally strongest quarters of the fiscal
year.”
Second Fiscal Quarter 2015 Earnings Call
The company will release results for the quarter ended February
28, 2015 after the market close on Tuesday, March 24, 2015. The
company will host a conference call to review financial results on
March 24, 2015, at 5:00 PM ET. The conference call can be accessed
live over the phone by dialing (877) 340-7912 or (719) 325-4765 for
international callers. A replay will be available one hour after
the call and can be accessed by dialing (877) 870-5176 or (858)
384-5517 for international callers; the conference ID is 2813890.
The replay will be available until Tuesday, March 31, 2015. An
online replay of the conference call will be available
approximately two hours after the conclusion of the live broadcast.
A link to this event may be found on the company's investor
relations website at http://ir.sonicdrivein.com/.
About Sonic
SONIC®, America's Drive-In®, is the nation's largest chain of
drive-in restaurants with more than 3,500 drive-ins serving
approximately 3 million customers every day. Over the past 60
years, SONIC has delighted guests with signature menu items, more
than 1 million drink combinations, friendly service by iconic
Carhops and ongoing support of education through its award-winning
Limeades for Learning® program. SONIC received top honors as
America's “#1 burger quick service restaurant,” ranking in the top
5 of all brands in the 2014 Temkin Experience Ratings report. For
more information about Sonic Corp. (NASDAQ/NM: SONC) and its
subsidiaries, please visit sonicdrivein.com. Customers can also
connect with SONIC at facebook.com/sonicdrivein or on Twitter
@sonicdrive_in.
This press release contains forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements reflect management's expectations regarding future
events and operating performance and speak only as of the date
hereof. These forward-looking statements involve a number of risks
and uncertainties. Factors that could cause actual results to
differ materially from those expressed in, or underlying, these
forward-looking statements are detailed in the company's annual and
quarterly report filings with the Securities and Exchange
Commission. The company undertakes no obligation to publicly
release revisions to these forward-looking statements to reflect
events or circumstances after the date hereof or to reflect the
occurrence of unforeseen events, except as required to be reported
under the rules and regulations of the Securities and Exchange
Commission.
SONC-F
Sonic Corp.Claudia San Pedro, 405-225-4846Vice President of
Investor Relations, Communications and Treasurer
Sonic (NASDAQ:SONC)
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