Sonic Corporation (SONC) Q1 2011 Earnings Call January 4, 2011 5:00 p.m. ET Executives Pat Watson - Corporate Communications Cliff Hudson - Chairman and Chief Executive Officer Scott McLain - President Steve Vaughan - Chief Financial Officer Analysts Joe Buckley - Bank of America Brad Ludington - KeyBank Capital Markets John Glass - Morgan Stanley Matt DiFrisco - Oppenheimer Matt Van Vliet - Stifel Nicolaus Larry Miller - RBC Capital Jake Bartlett - Susquehanna Sharon Zafira - William Blair Keith Siegner - Credit Suisse Peter Saleh - Telsey Advisory Group Nicole Miller Regan - Piper Jaffray Chris O’Cull - SunTrust Bank Robert Derrington - Morgan Keegan Paul Westra - Cowen & Company Greg Rudy - Steven Fink PresentationOperator
Please stand by. We are about to begin. Good day everyone and welcome to the Sonic first quarter conference call. Today’s call is being recorded. At this time for opening remarks and introductions I would like to turn the call over to Mr. Pat Watson. Please go ahead sir. Pat Watson Thank you and good afternoon everyone. This is Pat Watson with corporate communications. Sonic is pleased to host this conference call regarding results issued this afternoon for the first quarter of fiscal year 2011, which ended on November 30, 2010. Today’s audio and slide presentation is available on the Internet. If you would like to view the slides during this presentation please go to the investor section of the company’s Web site, www.sonicdrivein.com, and follow the link to events and presentations under investor info. Before we begin I would to remind everyone that management’s comments in this conference call that are not based on historical facts are forward-looking statements. These statements are made in reliance on the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to uncertainties and risks. It should be noted that the company’s future results may differ materially from those anticipated and discussed in the forward-looking statements.