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

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