Sonic: 4th-Q sales will propel EPS into high end of range

OKLAHOMA CITY Sonic Corp., the operator or franchisor of 3,300 namesake drive-ins, said this month that strong same-store sales in the August-ended fourth quarter have made the company confident that it would hit the higher end of its fourth-quarter earnings target.

The chain's sales were driven by increased marketing expenditures, new menu items and a remodeling program under way throughout most of the system, the company said.

Sonic estimated the

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