OKLAHOMA CITY--(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
"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/.
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
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.
Claudia San Pedro, 405-225-4846
Vice President of
Investor Relations, Communications and Treasurer
Source: Sonic Corp.
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