Sonic Reports Year-End 2010 Results

• Net income per diluted share totaled $0.08 versus net income per diluted share of $0.28 in the year-earlier quarter;
• Excluding special items, net income per diluted share was $0.23 in the fourth quarter of 2010 versus $0.29 in the same period last year (see reconciliation later in this release);
• System-wide same-store sales declined 6.4% during the fourth quarter, with same-store sales declining 6.4% at franchise drive-ins and 6.1% at company-owned drive-ins; and
• Franchise drive-in openings totaled 24 for the quarter versus 40 in the same period last year.

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