| Business Summary | | Sonic
Corp.
operates
and
franchises
a
chain
of
drive-in
restaurants.
As
of
August
31,
2000,
the
Company
had
2,175
restaurants
in
operation,
consisting
of
312
Company-owned
restaurants
and
1,863
franchised
restaurants,
principally
in
the
south
central
and
southeastern
United
States.
Sonic
restaurants
offer
made-to-order
hamburgers
and
other
sandwiches
and
feature
Sonic
signature
items,
such
as
extra-long
cheese
coneys,
hand-battered
onion
rings,
tater
tots,
specialty
soft
drinks
including
cherry
limeades
and
slushes,
and
frozen
desserts.
At
a
typical
Sonic
restaurant,
a
customer
drives
into
one
of
24
to
36
covered
drive-in
spaces,
orders
through
an
intercom
speaker
system,
and
has
the
food
delivered
by
a
carhop
within
an
average
of
four
minutes. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sonic
Corporation
operates
and
franchises
the
largest
chain
of
drive-in
restaurants
in
the
United
States.
As
of
11/00
Sonic
had
2,219
restaurants
in
operation,
consisting
of
319
Company-owned
and
1,900
franchise
restaurants.
For
the
nine
months
ended
5/31/01,
revenues
increased
14%
to
$225.9
million.
Net
income
increased
17%
to
$25.5
million.
Results
reflect
increased
sales
from
the
net
addition
of
84
Company-owned
restaurants,
and
improved
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| J. Clifford Hudson, 46 Chairman,
CEO | $604K | -- | Kenneth Keymer, 52 Pres,
COO, Director | 450K | -- | W. Scott McLain, 38 CFO,
Sr. VP | 247K | -- | Pattye Moore, 42 Exec.
VP | 373K | $214K | Ronald Matlock, 49 Sr.
VP, Gen. Counsel, Sec. | 258K | -- | Dollar
amounts are as of 31-Aug-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|