Sonic Celebrates 7.3% Same-Store Sales Growth for Fiscal 2015
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Oppenheimer Remains Bullish on Sonic Corp (SONC) Following 4Q Comps Pre-Announcement
September 15, 2015 10:02 AM EDTOppenheimer maintained an Outperform rating and $40.00 price target on Sonic (NASDAQ: SONC) following a 4Q comps pre-announcement. SONC announced F4Q15 comps of 4.9%, in-line with Street's 5%. Analyst Brian Bittner would take advantage of the stock at sub-$30 on a unique valuation for entry.... More
Piper Jaffray Remains Bullish on Sonic Corp (SONC) Following 4Q Pre-Announcement
September 15, 2015 8:37 AM EDTPiper Jaffray reiterated an Overweight rating and $42.00 price target on Sonic (NASDAQ: SONC) following the company's recent 4Q15 pre-announcement. Top-line results for the 4Q15 period included system-wide same-store sales of +4.9%, which were below consensus at +5.5%.
Analyst Nicole Regan commented, "Sonic recently pre-announced top-line... More
Sonic Corp (SONC) Reports FY15 Comps Growth of 7.3%; Sees 14% - 18% EPS Growth in FY16
September 15, 2015 8:17 AM EDTSonic Corp (NASDAQ: SONC) announced system-wide same-store sales for its fiscal 2015 of 7.3%. Same-store sales growth reflected an increase of approximately 6.9% at company drive-ins and 7.3% at franchise drive-ins for the year ended August 31, 2015. The Company also announced that system-wide same-store sales for its fourth fiscal quarter increased approximately 4.9%. Same-store sales growth reflected an increase of approximately 4.5% at company drive-ins and approximately 4.9% at franchise drive-ins for the fourth fiscal quarter.
Fiscal 2015 was a great year for our business and brand. Our multiple initiatives focused on product innovation, multi-day part promotions and effective media, all of which... More
