Sonic 3Q net income rises on strong sales

Sonic 3Q net income rises on strong sales

Same-store sales increased 5.3 percent during the quarter

Sonic Corp. reported Monday a 13.4-percent increase in net income for the third quarter ended May 31, on a 5.3-percent increase in same-store sales.

"Same-store sales for the quarter were especially strong, driven by our innovative product news, layered daypart promotional strategy and increased media efficiency,” Clifford Hudson, chief executive of Oklahoma City, Okla.-based Sonic, said in a statement.

"We have implemented our new point-of-sa

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