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Sonic warns on 3Q same-store sales

Stock price falls after company reports slower traffic

Prices of Sonic Corp. shares fell Wednesday after the drive-in operator warned that third-quarter same-store sales would fall short of guidance.

Oklahoma City-based Sonic said late Tuesday that while it expects same-store sales to remain positive in the third quarter ended May 31, they would fall “below the full-year target of 4 percent to 6 percent as a result of slower industry traffic and modestly unfavorable weather during the quarter.”

At midday Wednesday,

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