Sonic Corp. (SONC) Announces 6.4% Decline in August Comps; Guides Certain FY11 Metrics
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Price: $43.49 --0%
Financial Fact:
Total operating expenses: 121.8M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Total operating expenses: 121.8M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Sonic Corp. (Nasdaq: SONC) announces 6.4% decline in comps for the system and 6.1% for company-owned drive-ins for the month of August.
In FY11 SONC expects:
In FY11 SONC expects:
- to open 40 - 50 new franchise drive-ins;
- a slight improvement in restaurant-level margins;
- CapEx of $20 - $25 million.
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