Sonic expects 1st-Q profit to hit Wall Street target

OKLAHOMA CITY Sonic Corp., operator or franchisor of 3,350 namesake drive-ins, said on Tuesday that first-quarter same-store sales at restaurants majority-owned by the company rose within its targeted range of 2 percent to 4 percent, leading Sonic to say it would hit Wall Street’s per-share profit target.


For the first quarter of the company’s fiscal 2008, which ended Nov. 30, Sonic said it was comfortable with the mean per-share prof

Register to view the full article

Register to view this article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.