Last $25.30 USD
Change Today -0.08 / -0.32%
Volume 638.6K
SONC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

sonic corp (SONC) Snapshot

Open
$25.63
Previous Close
$25.38
Day High
$25.66
Day Low
$25.25
52 Week High
11/5/14 - $25.94
52 Week Low
02/3/14 - $16.92
Market Cap
1.3B
Average Volume 10 Days
557.0K
EPS TTM
$0.85
Shares Outstanding
53.0M
EX-Date
11/7/14
P/E TM
29.7x
Dividend
$0.36
Dividend Yield
0.36%
Current Stock Chart for SONIC CORP (SONC)

sonic corp (SONC) Details

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of August 31, 2014, it operated approximately 3,518 Sonic Drive-Ins from coast to coast in 44 states, which included 391 Company Drive-Ins and 3,127 Franchise Drive-Ins. It also leases signs and real estate. The company was founded in 1953 and is headquartered in Oklahoma City, Oklahoma.

10,743 Employees
Last Reported Date: 10/24/14
Founded in 1953

sonic corp (SONC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $687.7K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $398.5K
President of Sonic Restaurants Inc and Chief ...
Total Annual Compensation: $399.8K
Chief Brand Officer and Senior Vice President
Total Annual Compensation: $344.2K
Senior Vice President and General Counsel
Total Annual Compensation: $282.9K
Compensation as of Fiscal Year 2013.

sonic corp (SONC) Key Developments

Sonic Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended August 31, 2014; Provides Earnings Guidance for the Fiscal Year 2015

Sonic Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended August 31, 2014. For the quarter, the company reported net income of $18.8 million, or $0.34 per diluted share. This is up from net income of $12.2 million, or $0.21 per diluted share for the same quarter last year. Revenue totaled $163.8 million and up from $159 million from fourth quarter 2013. The company also reported that same-store sales were up 4.6% compared to a 5.9% increase in same store sales for the same period of fiscal 2013. For the fourth fiscal quarter ended August 31, 2014, system same-store sales increased 4.6%, which was comprised of a 4.5% same-store sales increase at franchise drive-ins and an increase of 4.9% at company drive-ins. Total revenues were $163.77 million compared to $158.80 million a year ago. Income from operations was $36.29 million compared to $30.03 million a year ago. Income before income taxes was $30.10 million compared to $19.41 million a year ago. Non-GAAP net income was $18.83 million or $0.34 per share compared to $17.20 million or $0.30 per share a year ago. For the full year, total revenues were $552.35 million compared to $542.59 million a year ago. Income from operations was $98.68 million compared to $89.25 million a year ago. Income before income taxes was $73.76 million compared to $56.30 million a year ago. Net income was $47.92 million or $0.85 per diluted share compared to $36.70 million or $0.64 per diluted share a year ago. Non-GAAP net income was $47.43 million or $0.84 per share compared to $41.28 million or $0.72 per share a year ago. For the full year ended August 31, 2014, system same-store sales increased 3.5%, including a 3.5% same-store sales increase at franchise drive-ins and a 3.5% increase at company drive-ins. The company provided earnings guidance for the fiscal year 2015. While the macroeconomic environment may impact results, the company expects its initiatives to drive 18% to 20% earnings per share growth in fiscal 2015, versus adjusted EPS in fiscal 2014. The company expects capital expenditures of $30 million to $40 million, free cash flow of $65 million to $75 million, positive same-store sales in the low single digit range for the system, depreciation and amortization expense of $45.5 million to $46.5 million as a result of increased capital investment in fiscal 2014, net interest expense of $25 million to $25.5 million, and an income tax rate of between 37% to 37.5%, which may vary depending upon the reinstatement of certain tax credit programs.

Sonic Corp. Declares Quarterly Cash Dividend

Sonic Corp. declares quarterly cash dividend of $0.09 per share resulting in an estimated payout of $19 million during the fiscal 2014.

Sonic Corp. Provides Earnings Guidance for the Fiscal 2015

Sonic Corp. provided earnings guidance for the fiscal 2015. The company expects its initiatives to drive earnings per share growth in fiscal 2015 at the higher end of its long-term 14% to 20% earnings per share growth target. The company also expects positive same-store sales in the low single digit range for the system; margin improvement of between 50 to 100 basis points, depending upon the degree of same-store sales growth at company drive-ins and commodity cost inflation; An income tax rate of between 37% to 37.5%, which may vary depending upon the reinstatement of certain tax credit programs; Capital expenditures of $30 million to $40 million; Free cash flow of $65 million to $75 million; Selling, general and administrative expenses of $75 million to $76 million reflecting increased investment in human resources to support the brand initiatives described above; Depreciation and amortization expense of $45.5 million to $46.5 million as a result of increased capital investment in fiscal 2014 and expected to result in solid double-digit earnings-per-share growth in the near and long term.

 

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Industry Analysis

SONC

Industry Average

Valuation SONC Industry Range
Price/Earnings 29.9x
Price/Sales 2.5x
Price/Book 21.7x
Price/Cash Flow 14.9x
TEV/Sales 1.5x
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