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Sonic (SONC) Reports Q3 EPS of $0.28, Misses By 3c; Guides

June 24, 2008 5:05 PM EDT
Sonic Corp. (Nasdaq: SONC) reports Q3 EPS of $0.28, 3 cents lower than the analyst estimate of $0.31. Revenues for the quarter were $213 million, versus the consensus of $219.95 million.

Same store sales during the quarter fell 0.4%.

Sees FY08 EPS up 4-6%, versus FY07 EPS of $0.96. Same store sales are expected to grow 2-4%.

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

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Earnings, Guidance, Retail Sales