Sonic Corp (SONC) Tops Q2 EPS by 1c; Comps Flat

Sonic Corp (NASDAQ: SONC) reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $111.14 million versus the consensus estimate of $112.72 million.

For the second quarter ended February 28, 2013, system-wide same-store sales were flat, which was comprised of a 1.9% increase at company drive-ins and essentially flat same-store sales at franchise drive-ins. System-wide same-store sales were negatively impacted due to one less operating day in the second quarter of fiscal 2013 as a result of leap day in last year’s results. Excluding the extra day in 2012, system-wide same-store sales increased 1.3% and company drive-in same-store sales increased 3.3%.

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

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