Sonic's 2nd-Q profit dips to $6.2M

OKLAHOMA CITY Sonic Corp., the operator or franchisor of 3,245 namesake drive-in restaurants, said its second-quarter profit was slashed from a year earlier because of debt extinguishment and other charges. The company's revenues for the quarter ended Feb. 28 increased 8 percent to $161.5 million on a systemwide same-store sales increase of 2 percent, new unit growth and sales from the eight formerly franchised units recently acquired by the company.

Net profit

Register to view the full article

Register to view this article

TAGS: Finance
Hide 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.