Sonic Q4 same-store sales increased 4.9%Staff writer ▼ | September 16, 2015
Sonic Corp. announced system-wide same-store sales for its fiscal 2015 of 7.3%.
Sonic Corp. "Fiscal 2015 was a great year"
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 drove annual same-store sales growth of 7.3%. This is particularly noteworthy given our strong performance in fiscal 2014," said Cliff Hudson, Sonic Corp. CEO.
"We also completed $124 million of share repurchases and initiated a quarterly dividend building shareholder value. ■