In 1953, the prototype of the first SONIC Drive-In opened in Shawnee, Okla. Now, more than 50 years and 3,500 drive-ins later, SONIC enjoys the highest customer frequency rate in the quick-service restaurant industry. SONIC Corp. is an Oklahoma City-based, publicly held company that owns, operates and franchises SONIC Drive-Ins (NASDAQ: SONC). Today, Cliff Hudson, chairman of the board and chief executive officer of SONIC, leads the SONIC brand with average unit sales of more than $1 million.
SONIC, which specializes in made-to-order fast food, is known for its specialty menu items and personal service. SONIC Unique menu items include TOASTER® Sandwiches (sandwiches served on thick Texas Toast), Footlong Quarter Pound Cheese Coneys (hot dogs with chili and cheese), fresh-made Onion Rings, Tater Tots and a variety of Frozen Favorites Drinks® Treats and Fountain Favorites® Drinks. You can order more than 398,929 drink combinations making SONIC Your Ultimate Drink Stop!(R) SONIC's ever-growing menu is full of options to satisfy every taste, with frequent additions such as Fresh Fruit Smoothies.
In the 1950s, SONIC's unique use of curbside speakers to allow customers to place food orders without ever leaving their cars, spawned the slogan "SONIC, Service with the Speed of Sound." In recent years, that slogan has been replaced with "SONIC, America's Drive-In." SONIC was founded by Troy Smith and was originally named Top Hat Drive-In, the name was changed to SONIC in 1959.

Company Growth (employees)
Type
Public
HQ
Oklahoma City, US
Founded
1953
Size (employees)
420 (est)+16%
Sonic was founded in 1953 and is headquartered in Oklahoma City, US

Sonic Office Locations

Sonic has an office in Oklahoma City
Oklahoma City, US (HQ)
300 Johnny Bench Dr

Sonic Data and Metrics

Sonic Financial Metrics

Sonic's revenue was reported to be $606.3 m in FY, 2016
USD

Revenue (FY, 2016)

606.3 m

Revenue growth (FY, 2015 - FY, 2016), %

0%

Net income (FY, 2016)

64.1 m

EBIT (FY, 2016)

127.5 m

Market capitalization (21-Jul-2017)

1 b

Cash (31-Aug-2016)

72.1 m
Sonic's current market capitalization is $1 b.
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

606.1 m606.3 m

Revenue growth, %

0%

General and administrative expense

79.3 m82.1 m

Operating expense total

489.7 m478.9 m

EBIT

116.4 m127.5 m

EBIT margin, %

19%21%

Interest expense

31.6 m27.4 m23.7 m25.1 m26.7 m

Interest income

(408 k)(516 k)

Pre tax profit

91.7 m92.5 m

Income tax expense

21.9 m(6.3 m)10.7 m27.2 m28.4 m

Net Income

36.7 m47.9 m64.5 m64.1 m
USDY, 2010Y, 2011Y, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

86 m29.5 m52.6 m77.9 m35.7 m27.2 m72.1 m

Accounts Receivable

2.8 m

Inventories

3.7 m3.3 m3.8 m3.3 m

Current Assets

140.7 m95.7 m85.4 m137.7 m

Goodwill

77.1 m77.1 m77.1 m76.7 m

Total Assets

660.8 m651 m620 m660 m

Accounts Payable

13.1 m17.2 m13.9 m14.4 m

Current Liabilities

72.9 m79.5 m87.8 m74.7 m

Additional Paid-in Capital

224.8 m225 m232.6 m235 m

Retained Earnings

758.1 m801.2 m851.7 m894.4 m

Total Equity

17.4 m(75.6 m)

Financial Leverage

35.6 x-8.7 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

36.7 m47.9 m64.5 m64.1 m

Depreciation and Amortization

40.4 m42.2 m45.9 m44.4 m

Accounts Receivable

(43.3 m)(74.5 m)(79.4 m)2.6 m

Inventories

(76.4 m)(43.3 m)(41.6 m)

Accounts Payable

2.3 m640 k6.5 m2.1 m

Cash From Operating Activities

87.8 m103.5 m

Purchases of PP&E

(41.3 m)(79 m)

Cash From Investing Activities

(1.2 m)(70.5 m)

Cash From Financing Activities

(61.4 m)(75.2 m)

Interest Paid

27.4 m23.7 m

Income Taxes Paid

(6.3 m)10.7 m
USDY, 2016

Revenue/Employee

1.7 m

Financial Leverage

-8.7 x

Sonic Market Value History

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Sonic Company Life and Culture

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