Sonic 2Q profit and sales drop

OKLAHOMA CITY Drive-in operator Sonic Corp. said Monday that profit fell 6.5 percent in its February-ended second quarter, as it saw same-store sales and revenue decline.

 

The parent to the chain of more than 3,500 drive-ins said net income in the quarter totaled $8.7 million, down from $9.3 million in the same quarter last year. Latest-quarter earnings per share totaled 14 cents, and reflected a 6-cents-per-share gain from a discounted purchase

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