Analysts: Sonic same-store sales preview 'encouraging'

Sonic Corp. estimated Monday that systemwide same-store sales for the fiscal third quarter rose 2.8 percent.

Sonic’s preview of sales for the third quarter, which ended May 31, included an estimated increase of 3.7 percent at company owned drive-ins and 2.7 percent at franchised drive-ins.

Analysts at global investment banking and asset management firm William Blair said the quarter’s preview is a positive sign for Sonic, which had been performing below th

Register to view the full article

Register to view this article

Already a member? .

Hide comments

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.
Publish