Sonic Corp (SONC) Tops Q2 EPS by 1c

Sonic Corp (NASDAQ: SONC) reported Q2 EPS of $0.15, $0.01 better than the analyst estimate of $0.14. Revenue for the quarter came in at $100.16 million versus the consensus estimate of $104.97 million.

"Our second quarter results reflect a sluggish consumer environment, weather headwinds and share losses following exceptionally strong performance over the prior two years,\" said Cliff Hudson, Sonic Corp. CEO. “As we enter the key spring and summer seasons, we believe a better balance of new product news and targeted value will result in sequential improvement in same-store sales and profitability.

Guidance:

Sees SS (2%) to 0%. Sees FY 2017 EPS (7%) to Flat.

For earnings history and earnings-related data on Sonic Corp (SONC) click here.

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