LEAWOOD, Kan., Feb. 24, 2026 /PRNewswire/ — Today KBP Brands announced it has expanded its SONIC footprint to 164 locations in eight states with the addition ofLEAWOOD, Kan., Feb. 24, 2026 /PRNewswire/ — Today KBP Brands announced it has expanded its SONIC footprint to 164 locations in eight states with the addition of

KBP Brands Doubles Down On SONIC With 78-Restaurant Acquisition

2026/02/24 22:15
Okuma süresi: 3 dk

LEAWOOD, Kan., Feb. 24, 2026 /PRNewswire/ — Today KBP Brands announced it has expanded its SONIC footprint to 164 locations in eight states with the addition of 78 drive-in locations in Ohio, Kentucky, North Carolina, Tennessee and Virginia.

This is KBP’s second SONIC purchase in less than two years and makes KBP the fourth largest franchisee in the SONIC system. The new locations were previously owned and operated by SONIC, part of the Inspire Brands portfolio, which KBP has partnered with since adding Arby’s to its restaurant portfolio in 2021.

“We’ve had a successful five-year partnership with Inspire Brands and have seen strong results from our initial SONIC purchase,” said Mike Kulp, CEO of KBP Brands. “We look forward to expanding that with a larger footprint and additional operational efficiencies.”

KBP, one of the nation’s largest franchise companies with ~$1.5 billion in annual sales, has grown consistently for two decades which Kulp credits largely to the company’s ability to integrate new brands and locations quickly, strong relationships with franchisors, and data-driven operations. 

“Our relationship with KBP Brands continues to grow due to their operational excellence and our shared commitment to guest satisfaction and a culture that champions innovation,” said John Kelly, Brand President, SONIC. “KBP’s expansion with SONIC demonstrates their dedication to our vision and the brand’s long-term growth.”

With a focus on beverage creativity, the iconic Smasher burger, and indulgent desserts, SONIC delivers a differentiated experience that drives guest loyalty and franchise growth. SONIC and its standout menu of made-to-order classics and inventive beverages were first added to the KBP portfolio in August 2024.

Today’s acquisition brings an additional 1,600 employees to KBP. Mark Everett, Executive Vice President of KBP, will continue to lead the company’s Drive-In business in partnership with Chief Operating Officer, Matt Hansen.

About KBP Brands
KBP Brands is one of the largest franchise groups in the U.S. owning and operating more than 1,100 KFC, Taco Bell, Arby’s, and SONIC restaurants across 32 states. The company’s expertise running multi-unit businesses has resulted in consistent growth for 25 years. For more information, visit kbpbrands.com. 

About SONIC
SONIC, a leader in food and beverage innovation, was founded in 1953 and now has more than 3,400 restaurants in 47 states. SONIC is part of the Inspire Brands family of restaurants. For more information, visit SONICDriveIn.com and InspireBrands.com. 

Media Contact:
Morgan Gunnels
2146844890
[email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/kbp-brands-doubles-down-on-sonic-with-78-restaurant-acquisition-302695591.html

SOURCE KBP Brands

Piyasa Fırsatı
Sonic SVM Logosu
Sonic SVM Fiyatı(SONIC)
$0.04528
$0.04528$0.04528
-0.87%
USD
Sonic SVM (SONIC) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

SEC Grants WisdomTree Relief for 24/7 Trading of Tokenized Fund Shares

SEC Grants WisdomTree Relief for 24/7 Trading of Tokenized Fund Shares

TLDR WisdomTree’s WTGXX fund now trades 24/7 with instant blockchain settlement. SEC issued exemptive relief to allow tokenized fund shares to trade anytime. FINRA
Paylaş
Coincentral2026/02/25 02:29
The Daily: OG bitcoin whale’s 1,000 BTC move, XRP treasury firm’s 65% discount, Forward Industries’ $4B ATM for SOL, and more

The Daily: OG bitcoin whale’s 1,000 BTC move, XRP treasury firm’s 65% discount, Forward Industries’ $4B ATM for SOL, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Paylaş
Coinstats2025/09/18 01:31
First U.S. XRP ETF Launches Sept. 18, CME to List Options on XRP Futures Oct. 13

First U.S. XRP ETF Launches Sept. 18, CME to List Options on XRP Futures Oct. 13

XRP is drawing fresh attention from traditional finance as new products roll out in both securities and derivatives markets, broadening access points for exposure to the token.At the time of writing, according to CoinDesk Data, XRP was trading around $3.0263, down nearly 1% over the past 24 hours.On Sept. 18, REX Shares and Osprey Funds will debut the first U.S.-listed exchange-traded funds (ETFs) tied to XRP and Dogecoin (DOGE) on the Cboe BZX Exchange, under the tickers XRPR and DOJE. These products are not entirely “pure” spot funds, however. Bloomberg Intelligence analyst James Seyffart wrote on X that the funds aren’t “pure” spot products. Instead, they are structured to hold XRP and DOGE directly, while also investing in other spot ETFs from outside the U.S. to achieve exposure. Their filings also include language that would allow the use of derivatives for exposure if needed, though Seyffart emphasized that this is not the primary approach.The structure reflects the realities of building regulated crypto ETFs in the U.S., where sponsors have sometimes layered in indirect exposure. Even so, the launches mark the first time American brokerage accounts will have access to XRP- and DOGE-focused ETFs, expanding beyond bitcoin and ether, which dominate the ETF landscape.Less than a month later, CME Group plans to deepen its crypto derivatives lineup by listing options on XRP and Solana (SOL) futures, targeted for Oct. 13 pending regulatory review. Options will be listed on both the standard contracts and their smaller “micro” versions, designed to serve institutions, trading desks, and active individuals alike. Expiry choices will include every business day, each month, and each quarter, creating a wider term structure for managing exposures.The exchange said the decision follows strong growth in its newer altcoin futures. Since March, SOL futures have logged over 540,000 contracts traded (about $22.3 billion notional), while XRP futures, introduced in May, have seen more than 370,000 contracts change hands (roughly $16.2 billion notional). Market participants including Cumberland and FalconX welcomed the additions, citing the need for hedging tools beyond bitcoin and ether.Headquartered in Chicago, CME Group runs the world’s largest regulated derivatives marketplace, where listed crypto futures and options allow participants to hedge positions with central clearing and margining. Adding XRP and SOL options builds on the firm’s progression from bitcoin and ether into a wider set of liquid tokens.
Paylaş
Coinstats2025/09/18 05:30