NASDAQ, SONC - Sonic Cp
Sonic Corp. (the ?Company?) operates and franchises the largest chain of
drive-in restaurants (?Sonic Drive-Ins?) in the United States. As of August 31,
2007, the Company had 3,343 Sonic Drive-Ins in operation from coast to coast,
consisting of 654 Partner Drive-Ins and 2,689 Franchise Drive-Ins. We own a
majority interest, typically at least 60%, and the supervisor and manager of the
drive-in own a minority interest in each Partner Drive-In. Franchise Drive-Ins
are owned and operated by our franchisees. At a typical Sonic Drive-In, 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. Many Sonic Drive-Ins also include a drive-through lane
and patio seating.
Our objective is to maintain our position as, or to become, a leading operator
within each of our core and developing markets. ...
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