Sonic more than doubles profit in 2Q

Sonic more than doubles profit in 2Q

Company points to national marketing, product pipeline

Sonic Corp.’s profit more than doubled in the second quarter, the Oklahoma City-based drive-in operator reported Monday.

Net income rose 113.3 percent in the quarter ended Feb. 28, to $3.6 million, or six cents per share, from $1.7 million in the same period last year. The company had a $900,000 tax benefit in the quarter.

Revenue in the second quarter slipped to $111.1 million, from $115.1 million in the year-earlier quarter.

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