SONC Sees Q2 EPS High End of $0.20-$0.21 Guidance; Sees SSS Above Tgt Range

Sonic Corp. (Nasdaq: SONC) estimated system-wide same-store sales during its second quarter were above the long-term target range of a 2% to 4% increase. Because of the solid sales and margin performance, management is comfortable with the high end of its previously announced earnings outlook of $0.20 to $0.21 per diluted share for the second quarter ended February 28, 2006 (cons $0.21).

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