November 21, 2009
QSRmagazine.com : restaurant articles : industry news
Sonic
Sonic Shifts Coporate Team, Names New President
[2009-09-09] Omar Janjua, formerly of Steak 'n Shake, nabs spot as president of Sonic Restaurants Inc.
Sonic Offers Help in the Classroom
[2009-08-31] A new charitable giving campaign from the restaurant chain means big bucks for teachers.
Sonic Adds Member to Board of Directors
[2009-08-07] Douglas Benham, former president and CEO of Arby's, announced as newest member.
Sonic to Donate to Educational Programs
[2009-07-27] Through partnership with DonorsChoose.org, giving up to $500,000 to classroom projects.
Sonic Chillers in Line for Summer
[2009-07-08] Feature a mix of Limeade flavors with vanilla soft-serve.
Free Root Beer Floats at Sonic
[2009-06-01] Sonic plans to give away more than 3.5 million root beer floats on June 3.
Sonic Veteran Brings Drive-In Know-How to A&W
[2009-02-19] Matt Williams opened one of A&W's 15 planned drive-ins.
[2009-01-29] A text message marketing and feedback program brought participating Sonic stores a higher response rate than direct mail or other traditional marketing methods.
Sonic Systemwide Sales Down 1Q
[2009-01-08] Same-store systemwide sales decline 3.6 percent in the first quarter ended November 30, 2008.
Sonic Touts 3,500 Driven-Ins Milestone
[2009-01-02] Drive-in No. 3,500 opened today in the Chicago suburb of Algonquin,
[2008-12-29] New products make up the bulk of Sonic's new Everyday Value Menu, though smaller sizes of standard items are also included.
[2008-10-17] Sales performance of the company's partner drive-ins lagged that of its franchise drive-ins.
Sonic Continues to Fight Rumor Mill
[2008-10-01] As the company pointed out last week, it has not been informed of any cut-back in franchisee financing and continues to have other financing sources beyond GE Capital.
[2008-09-29] GE Capital provided less than 10 percent of the lending to Sonic franchisees.
Sonic Adds String Cheese to Kids Menu
[2008-09-03] The company will also add bananas as a side item this fall.
[2008-08-22] Todd Townsen, who left the company to "pursue other interests," will be replaced by Paul Macaluso.
Obesity on the Kids' Menus at Top Chains
[2008-08-04] New study shows that 93 percent of kids' meals at restaurants provide children with calorie overdose.
Sonic Introduces Fried Ice Cream Blast
[2008-07-28] The new limited time only dessert contains vanilla soft serve, caramel, cinnamon crisps, and whipped topping.
Best Customer Service Winners Announced
[2008-07-24] Corporate Research International lists Chipotle, Subway, and Sonic as having high brand image and customer perception.
[2008-06-25] Third quarter results reflect current challenges.
SONIC Expands into the Chicago Market
[2008-06-18] America's largest chain of drive-in restaurants expands into the Chicago market.
Sonic Reorganizes Executive Staff
[2008-04-21] The company announced several promotions within its top management, effective May 1, as well as related changes to realign the operational structure of the company.
New Member Joins Sonic's Board
[2008-04-04] Gabriel Tsampalieros, owner and CEO, of The Second Cup Coffee Company has been named to Sonic's board of directors.
Sonic Rolls Out LTO Mini Wraps
[2008-03-28] Sonic will offer five new Jr. Snack Wraps during April.
Sonic to Present at JPMorgan Conference
[2008-03-20] The investor presentation by Sonic's management will be part of the JPMorgan Gaming, Lodging & Restaurants Conference.
Sonic to Launch Premium Coffee Program on March 10
[2008-03-06] The new line includes hot and iced lattes, premium roast coffee, and the Java Chiller, a blend of soft-serve vanilla and espresso.
Sonic Reports Second Quarter Performance
[2007-03-30] Results include 29 new drive-ins and an eight percent increase in total revenues.
Sonic to Present at the Bank of America 2007 Consumer Conference
[2007-03-09] The company's presentation will be available on the Web for 30 days.
Sonic to Broadcast First Quarter 2007 Conference Call Live on the Internet
[2007-01-03] Sonic Corp will provide an online web simulcast of its first quarter fiscal 2007 earnings release conference call on January 4.
Sonic Increases Purchase Price
[2006-09-25] In addition to increasing the purchase price to no less than $19.50 per share, Sonic is extending its expiration of its 'modified dutch auction' tender offer.
[2006-09-06] Expanding on its Ultimate Drink Stop selections, the drive-in concept is introducing low-fat (1 percent) white and chocolate milk in resealable 8-ounce plastic bottles.
Sonic Turns to Modified Dutch Auction
[2006-08-15] The number of shares proposed to be purchased accounts for approximately 30 percent of Sonic's currently outstanding common stock.
Sonic Announces Acquisition of Franchise Drive-Ins
[2005-08-25] Sonic Corp. today announced that it has entered into an agreement with a franchisee for the acquisition of 15 drive-ins located in the company's core markets.
[2005-05-16] In addition to celebrating its 3000th store opening, Sonic Corp. is also touting third quarter sales growth projections of 4 to 6 percent.
Sonic to Present at the Bear Stearns' 11th Annual Retail, Restaurants & Apparel Conference
[2005-03-01] The company also announced the completion of the "PAYS" program in all of its partner drive-ins.
[2004-06-08] Sonic Drive-In has announced a new line of "Fresh Tastes" salads, featuring grilled chicken, jumbo popcorn chicken, and Santa Fe chicken salads.
[2004-05-03] Sonic Corp.'s board of directors has approved a three-for-two stock split that will be distributed in the form of a 50 percent stock dividend.
Sonic Reports 13 percent Increase in First Quarter Earnings Per Diluted Share
[2003-01-06] New units opened during 2002 played a significant role in the chain's 13 percent total revenue increase.
Sonic Updates First Quarter Performance Expectations
[2002-11-20] Blame it on the rain: Weather a factor in slowed sales.
Sonic Drive-In One of Forbes 200 Best Small Companies
[2002-10-23] Ranking marks Sonic's ninth consecutive year on the 200 Best Small Companies in America list.
Sonic Reports Record Fiscal Year Income
[2002-10-15] "America's Drive-In" completes sixteenth consecutive year of same-store sales growth.
Sonic Reaffirms Sales Projections
[2002-09-24] No change reported in fiscal 2002 and 2003 guidance figures for the drive-in chain.
Sonic Expands Stock Repurchase Program
[2002-08-22] Company sees fourth quarter performance on track and strong earnings growth ahead in fiscal 2003
Sonic Drive-In Recognizes Customer Service Excellence
[2002-02-18] Sonic Drive-ins across the nation recently competed for top honors at the eighth annual Dr Pepper Sonic Games.
Sonic Declares Three-For-Two Stock Split
[2002-01-18] At the company's 2002 annual meeting, Sonic declared a three-for-two stock split, re-elected three directors, and announced Pattye Moore as president.
Sonic Reports Accelerating Sales, Record First-Quarter Results
[2002-01-03] Sonic Corp., parent company of the Sonic Drive-in chain, announced its system surpassed $2 billion in annual sales in fiscal 2001.
Sonic to Double Number of Stores Offering Breakfast
[2001-11-06] Sonic Corp. says it expects to double the number of its stores offering breakfast from four hundred to at least eight hundred beginning in the spring of next year.
[2001-10-18] Sonic Corp. reported record earnings and revenues for its fourth quarter and fiscal year ended August 31, 2001.
Sonic Expects Record Results for Fiscal 2001
[2001-10-03] Speaking today at Robertson Stephens' Annual Investment Conference in New York, Pattye Moore, Sonic Corp.'s Executive Vice President, said the company expects to report its 15th consecutive year of same store sales growth later this month when it announces results for the fiscal year ended August 31, 2001.
Sonic Corp. Will Accept Credit
[2001-09-27] National Processing Company (NPC®), a provider of merchant credit card processing, announced signing a multi-year agreement with Sonic Corp. for end-to-end processing services.
Sonic Sees 15th Year of Growth
[2001-09-10] Sonic Corp. expects to report positive same-store sales for the full fiscal year ended August 31, 2001, marking the company's fifteenth consecutive year of same-store sales growth.
Ten Sonic Drive-Ins Strive to Earn National Title
[2001-08-22] Ten Sonic Drive-In from across the country will be heading to the glitz and glamour of Las Vegas for a chance to earn the title of "Best Sonic Drive-In in the Nation."
Sonic Completes Senior Note Offering
[2001-08-15] Sonic Corp. has completed the private placement of $30 million in Senior Notes with the assistance of Bank of America Securities.
[2001-06-26] Sonic Corp. reports record results for the third quarter and nine months ended May 31, 2001.
Sonic to Broadcast Conference Call
[2001-06-01] Sonic Corp. (Nasdaq/NM: SONC) will provide an online Web simulcast of its third quarter 2001 earnings release conference call on Tuesday, June 26, 2001.
Sonic Wins "Do Great Work Award"
[2001-05-23] Infinium, a provider of integrated enterprise business solutions and services, honored Sonic Corp., with its third annual Infinium Do Great Work Award.
Sonic Completes Acquisition of 35
[2001-04-12] Sonic Corporation's operating division has completed the previously announced acquisition of 35 franchise drive-ins, all of which are located in the Tulsa, Oklahoma market.
[2001-03-27] The 2001 Dr Pepper Sonic Games have begun and include incentive programs aimed at benefiting employees and customers.
Sonic's 2Q Earnings Increase 11%
[2001-03-26] Sonic Corporation reports record results for the second quarter and six-month period ended February 28, 2001.
Sonic Adds 35 Drive-Ins, Reports Sales
[2001-03-13] Sonic Corp. has acquired 35 franchise drive-ins, all of which are located in the Tulsa, Oklahoma market.
Sonic Announces New and Re-elected Board Members
[2001-03-13] Sonic Drive-In announceds the recent election of three new board members and the re-election of two current members to its Board of Directors.
[2001-01-12] The ultimate American drive-in dining experience will go international for the first time in 2001 when Sonic Corporation cruises into northern Mexico later this year.
Sonic's 1Q Earnings Increase 19%
[2001-01-03] Sonic Corporation today reported record revenues and earnings for the first quarter of fiscal year 2001, which ended November 30, 2000.
Sonic's 1Q Earnings Increase 19%
[2001-01-02] Sonic Corporation today reported record revenues and earnings for the first quarter of fiscal year 2001, which ended November 30, 2000.
Sonic Increases Stock Repurchase Program
[2000-12-13] Sonic Corporation announced December 13 its board of directors has expanded the company's current stock repurchase program by $10.0 million.
Sonic Sees 1Q 2001 Performance On Target
[2000-12-12] Sonic Corp. today said that it remains comfortable with market expectations for earnings growth in the first quarter of fiscal 2000, as expressed by the current consensus estimate of $0.31 per diluted share.
Forbes Recognizes Sonic Drive-In
[2000-10-25] Companies must overcome a series of tough performance-related obstacles to make the Forbes 200 Best Companies in America list, and Sonic Corp. has done it again.
Sonic's 4Q Fuels Record Performance
[2000-10-16] Sonic Corp. reports record results for the fourth quarter and fiscal year ended August 31, 2000.
Sonic to Broadcast Q4 Conference Call Live
[2000-10-06] Sonic Corp. today announced that it will provide an online Web simulcast of its fourth quarter 2000 earnings release conference call on Tuesday, October 17, 2000.
Sonic Launches Space Camp Contest
[2000-08-11] Sonic Drive-In is about to launch a fun—and interactive—program for parents and children that's sure to make them see stars.
Sonic Introduces Chocolate Cream Pie Shake
[2000-07-26] Throughout August 2000, Sonic will deliver the terrific taste of cream pie to customers with its new Chocolate Cream Pie Shake.
Sonic Looks Promising, Analysts Say
[2000-07-11] Sonic Drive-In has fallen back into good graces with investors. As CNBC's prestigious "Pick of the Week," the company is expected to perform very well in the coming months.
Sonic Featured on "Dinner and a Movie"
[2000-07-10] A "Dinner and a Movie" host traveled to a California Sonic Drive-Into film a recent episode of the comedy cable program.
Sonic Awarded for F.B.I. Program
[2000-06-23] The Promotional Marketing Association (PMA), in partnership with Brandweek magazine, recently awarded Sonic Drive-In and Coca-Cola a Silver Reggie Award in the Business-to-Business category for their F.B.I. program.
Sonic to Broadcast Conference Call on Internet
[2000-06-19] Sonic Corp. will provide an online web simulcast and rebroadcast of its third quarter 2000 earnings release conference call, to begin on Friday, June 23, 2000.
Sonic Executive Receives Honor
[2000-06-06] Sonic Corp. is proud to announce that Pattye Moore, executive vice president for Sonic Corp., has been named to Advertising Age's prestigious "Marketing 100" list. The special report recognizes the 100 "best minds in marketing today."
Sonic Increases Stock Repurchase Program
[2000-05-10] Sonic Corp. (Nasdaq/NM:SONC) announced May 9 that its board of directors has expanded the company's current stock repurchase program by $10 million.
First Quarter Net Income Up 26% to $0.39 Per Diluted Share
[2000-03-22] Sonic Corp. reported on January 4, 2000 higher revenues and earnings for the first quarter of fiscal year 2000, which ended on November 30, 1999.
Sonic Increases Stock Repurchase Program
[2000-03-02] Sonic Corp. announces that its board of directors has expanded the company's current stock repurchase program by $10 million.
Sonic Announces Earnings For 2Q 2000
[2000-01-01] Sonic Corp. (Nasdaq/NM:SONC) reported March 27 record results for the second quarter of fiscal year 2000, which ended February 29, 2000.
Forbes Recognizes Sonic Drive-In
[1999-11-01] For the sixth consecutive year, Sonic Corp. has been named one of the best 200 small companies in America by Forbes magazine, proving its unique approach in the quick service food industry is a hit among consumers and investors.
