Sonic reports 4Q sales drop

Drive-in chain says corporate stores starting to improve

Despite reporting a drop in same-store sales for the fourth quarter, Sonic Corp. said it was starting to see improvement at its corporate locations.

Sonic said systemwide same-store sales declined 6.4 percent for the Aug. 31-ended quarter, which included a 6.1-percent drop at corporate drive-ins. It marked the first time in nearly three years that corporate stores outperformed the system as a whole, said Clifford Hudson, Sonic's chairman and chief executive.


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