Skip navigation

Sonic's 4Q profit falls

OKLAHOMA CITY On the heels of aggressive refranchising, Sonic Corp. reported this week double-digit decreases in fourth-quarter revenue and net income that were largely tied to the sell-off of stores and falling sales.

For the quarter ended Aug. 31, Sonic reported that net income shrank 16.3 percent to about $16.9 million, or 28 cents per share, versus $20.2 million, or 33 cents per share, in the year-ago quarter. Revenue in the quarter fell 23.4 percent to $173.8

Register to view the full article

Register to view this article

TAGS: Finance News
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.