Sonic 4Q profit jumps despite POS system glitches

Sonic 4Q profit jumps despite POS system glitches

Net income rose 54.3% during the quarter

Despite what Sonic Corp. executives said were late-summer glitches in its rollout of a new point of sale system, the drive-in operator reported increases in profit and same-store sales for its fourth quarter.

Oklahoma City-based Sonic reported Tuesday that profit rose 54.3 percent in the Aug. 31-ended fourth quarter, increasing to $18.8 million, or 34 cents a share, from $12.2 million, or 21 cents a share, in the same period last year. Revenues rose 3.1 percent, to $163.8 millio

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