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Sonic CEO on Expected Growth in 2013

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  • Description

    Sonic CEO Clifford Hudson on the company’s growth strategy and wide variety of menu options.

  • Duration 1:47
  • Date

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Let's get back to -- -- the chairman and CEO of drive in restaurants sonic of course the story of the plays the restaurants where they weren't the roller skates.

Just quickly ask as we finish up here you know you've got a very unique business but the question becomes with some of the analysts -- while you've opened some 37 stores he planned to.

You've also been closing some what is that about how let's wrap our minds around that.

Well we're almost a sixty unit chain and we got 3500 stores in 44 states.

When it with the age and then market penetration we have in some of our -- states Texas Oklahoma Arkansas etc.

It's inevitable and actually good for the brand that you close some stores -- so.

Right now our openings are about the same as our closings -- kind of flat to slightly positive from a store count.

We expect in 2013.

That that's gonna start growing and will and will open more stores and we've been closing the closings are actually slowing vs the last couple of years in a matter fact.

We we've got all this display here with the -- downstairs because you know.

Sixteen outspent here in New York City tech -- does that wreck the -- -- you have sixteen -- or would that prevent you guys from thinking about opening a Manhattan store.

Well we have a variety of options including the smaller drinks that you've got on the set there.

What do things -- I should also say that about our our businesses we also have.

About 20000 to be exact 20064.

Options.

A drinks that have less than 6360.

-- -- for a sixty aspirin so we've got a lot options including on the light end of things.

OK well I I don't think I could ever work for you cliff because I'm not a good roller skater but thanks for sending that of course I didn't like Kelly limited shot so are our -- of our producers was able to put the money did a fine job I might say good luck to thank you for joining us.

Thank you very much appreciate the opportunity at a time Clifford Hudson chairman and CEO of sonic has a nice perform.

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