Sonic Corp. will host an investor day with industry analysts and institutional investors at the company's offices May 4, 2010. The meeting will begin at 8:15 a.m. Central Daylight Time and will conclude at approximately 12:30 p.m.
Presentations will include an overview of Sonic's business strategies and product quality, media allocation and promotional initiatives. The event will be simulcast over the Internet and a link to this event may be found at the investor section of the company's website.
Sonic also announced that it has purchased approximately $28.6 million of its Class A-2 senior fixed-rate notes during its third fiscal quarter, using excess cash. With more than $90 million in cash after the purchases are completed, Sonic will continue to use its excess cash on an opportunistic basis for credit enhancements, stock repurchases or other stockholder-value initiatives.
