Sonic Announces 11.5% Same-Store Sales Growth for the Second Quarter of Fiscal 2015
Sonic Corp. (NASDAQ:SONC) 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.
Sonic Corp. (NASDAQ:SONC) 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.
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.
“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.
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.
