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Stock Market & Financial Investment News

News Breaks
January 7, 2014
08:08 EDTSONCSonic announces expansion plans for the state of California
For the second time in recent months, SONIC Drive-In announced expansion plans for the state of California with a franchise agreement slated to bring 10 new drive-ins to the Los Angeles market in the next seven years. The chain of drive-in restaurants has signed an agreement with franchise partner Coast to Coast Commercial, LLC to develop these locations. In addition, SONIC is seeking multiple franchise partners in Southern, Central and Northern California as part of a plan for as many as 300 drive-ins in the state by 2020.
News For SONC From The Last 14 Days
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September 16, 2014
16:07 EDTSONCSonic targets 50 to 60 new franchise drive-in openings in FY15
16:07 EDTSONCSonic sees FY15 free cash flow $65M-$75M
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16:06 EDTSONCSonic sees FY15 EPS growth at higher end of its long term 14%-20% EPS target
16:03 EDTSONCSonic sees FY15 positive SSS in low-single digit range
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