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SONIC ANNOUNCES DEVELOPMENT PLANS

 SONIC ANNOUNCES DEVELOPMENT PLANS
 OKLAHOMA CITY, Aug. 28 /PRNewswire/ -- Sonic Corp.,


(NASDAQ-NMS: SONC), the parent company of the Oklahoma City-based drive-in restaurant operator and franchisor, announced today development results for its fiscal year ending Aug. 31, 1992, and development plans for its next fiscal year.
 Stephen Lynn, president and chief executive officer of Sonic, reported that the company expects to have 1,191 drive-ins in the chain as of Aug. 31, 1992. Of this number, 91 will be company-owned and the remainder will be franchised. The company expects that system-wide sales (sales of all stores in the chain, including franchised stores) will total $598,000,000 and that average store sales for the like period will be $520,000.
 Lynn also reported that the company expects to show a net increase of 105 drive-ins in the next fiscal year, 15 of which will be newly- constructed, company-owned drive-ins. He stated that the company is confident of opening this number of company-owned drive-ins because of the number of locations in some phase of development currently. In addition, the company is in the process of adding staff whose function will be company store site development and operations.
 Lynn was also encouraged not only with the rate of franchise growth, but by the number of franchised locations which will be opening under a more recent form of license agreement that bears a higher royalty rate than the license agreement prevalent throughout the chain. "Our franchisees' drive-ins are operating at higher sales levels and more profitably than ever before," Lynn stated. It is the first year that more franchised drive-ins will open utilizing the newer royalty structure than under the royalty structure most Sonic franchisees have.
 Sonic's common stock is traded on the NASDAQ National Market System under the symbol "SONC."
 -0- 8/28/92
 /CONTACT: Clifford Hudson of Sonic, 405-232-4334/
 (SONC) CO: Sonic Corp. ST: Oklahoma IN: FOD SU:


MC -- DV002 -- 4312 08/28/92 10:50 EDT
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Publication:PR Newswire
Date:Aug 28, 1992
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