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Company Description

Contact Info

300 Johnny Bench Drive

Oklahoma City, OK 73104

United States

Phone: 405-225-5000


Sonic Corp. operates and franchises a chain of drive-in restaurants (Sonic Drive-Ins) in the United States. As of August 31, 2015, the Sonic system included 3,526 Sonic Drive-Ins in 44 states of which 387 were owned and operated by Sonic Restaurants, Inc., the company’s operating subsidiary (Company Drive-Ins), and 3,139 were owned and operated by franchisees (Franchise Drive-Ins). Strategy The key elements of the company’s strategy are a distinctive drive-in concept focusing on a unique menu of quality, made-to-order food products including several signature items; a commitment to customer service featuring the quick delivery of food by friendly carhops; and a commitment to strong franchisee relationships. Seasonality The company’s results during second fiscal quarter (the months of December, January and February) generally are lower than other quarters because of the lower temperatures in the locations of a number of Sonic Drive-Ins, which tends to reduce customer visits to its drive-ins. Intellectual Property The company owns or is licensed to use valuable intellectual property, including trademarks, service marks, patents, copyrights, trade secrets and other proprietary information, including the ‘Sonic’ logo and trademark. History Sonic Corp. was founded in 1959. The company was incorporated in the state of Delaware in 1990.


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Valuation SO4 Industry Range
Price/Earnings 19.9x
Price/Sales 2.0x
Price/Book NM Not Meaningful
Price/Cash Flow 11.0x
TEV/Sales 0.8x

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