News
Sonic to host investor conference at corporate office
April 29, 2010
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.
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