Sonic (SONC) Reports In-Line Q2 EPS of $0.15; Comps Rise 3.2% Over the Qtr.; Guides FY08 EPS Growth

March 24, 2008 5:54 PM EDT
Sonic Corp. (Nasdaq: SONC) reports Q2 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenues for the quarter were $174.6 million, versus the consensus of $177.47 million.

Sonic announced that same store sales for the quarter increased 3.2% from the same period last year.

The Company continues to expect its FY08 EPS to grow in the range of 15%-17%. Same store sales for Q3 are expected to increase in the range of 2%-4%. Total sales are expected to grow 9%-11% in Q3.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. [BCS]

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