The analysts listed below regularly follow the company and, in connection with their research coverage, issue reports and earnings forecasts from time to time. Any opinions, estimates or forecasts regarding Sonic Corp.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of the company or its management. Sonic Corp. provides this information merely as a matter of convenience for interested investors; this information should not be construed as an endorsement of or concurrence with the analysts' conclusions or recommendations.
| Firm | Analyst |
|---|---|
| Banc of America/Merrill Lynch Securities | Joe Buckley |
| Barclays Capital | Jeffrey Bernstein |
| Cowen And Co | Paul Westra |
| Credit Suisse | Keith Siegner |
| Goldman Sachs Research | Steven Kron |
| JPMorgan Securities Equities | Steven Rees |
| Keybanc Capital Markets Inc. | Lynne Collier |
| Morgan Keegan & Company Inc. | Robert Derrington |
| Morgan Stanley | John Glass |
| Oppenheimer & Co., Inc. | Matthew DiFrisco |
| Piper Jaffray | Nicole Miller-Regan |
| RBC Capital Markets | Larry Miller |
| Stephens Inc. | Greg Ruedy |
| Stifel Nicolaus and Company, Inc. | Steve West |
| SunTrust Robinson Humphrey Capital Markets | Christopher O'Cull |
| Thomas Weisel Partners LLC | Fitzhugh Taylor |
| William Blair & Co. | Sharon Zackfia |
Sonic Corp. is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding Sonic Corp.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Sonic Corp. or its management. Sonic Corp. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.



