Restaurant Job Resource - Sonic Corp Restaurant News

Sonic’s estimated system-wide same-store sales for the second fiscal quarter, which ended February 29, 2012, increased 3.4%. Same-store sales reflected an estimated increase of 3.5% at franchise drive-ins and 3.1% at company drive-ins.

O’Reilly brings more than 20 years of senior level leadership in consumer driven marketing, brand management and product development, including extensive experience within the quick service restaurant segment

The company repaid $3.8 million of fixed rate debt and repurchased $10.5 million of its common stock.

Sonic Corp. (NASDAQ: SONC) announced results for the fourth quarter and fiscal year ended August 31, 2011. For fiscal 2011, the company reported system-wide positive same-store sales of 0.5%, with an increase of 1.8% at company drive-ins and 0.4% at franchise drive-ins. This improvement compares to a decline of 7.8% for fiscal 2010.

Sonic Corp. (NASDAQ: SONC) announced that fiscal year 2011 same-store sales increased 1.8% for company drive-ins and 0.5% for the system. This improvement represents a significant reversal in trends from the decrease of 7.8% for the system in fiscal year 2010.

System-wide same-store sales increased 3.9% for the third quarter versus a decline of 6.0% in the third quarter of fiscal 2010

Sonic Corp. (NASDAQ: SONC) announced that certain of its subsidiaries have issued $500 million of Series 2011-1 Fixed Rate Senior Secured Notes, Class A-2 in a private securitization transaction.

Sonic Corp. (NASDAQ: SONC), the nation's largest chain of drive-in restaurants, today announced its repurchase of $62.5 million of the company's Class A-1 variable funding senior notes in a privately negotiated transaction.

System-wide same-store sales declined 6.4% during the fourth quarter, with same-store sales declining 6.4% at franchise drive-ins and 6.1% at company-owned drive-ins

In line with the company's previously announced expectations, Sonic's fourth quarter same-store sales declined an estimated 6.4% for the system and 6.1% for company-owned drive-ins.