Stephens Downgrades Sonic (SONC) to Equal Weight
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Sonic Reports Fourth Fiscal Quarter and Fiscal 2016 Results
October 24, 2016 4:05 PM EDTOKLAHOMA CITY--(BUSINESS WIRE)-- Sonic Corp. (NASDAQ: SONC), the nations largest chain of drive-in restaurants, today announced results for its fourth fiscal quarter and year ended August 31, 2016.
Key highlights of the companys fourth quarter of fiscal year 2016 included:
Net income per diluted share increased 6% to $0.53 compared with $0.50 in the same period prior year; adjusted net income per diluted share increased 5% to $0.45 compared with adjusted net income per diluted share of $0.43 in the prior-year period; System same-store sales decreased 2.0%, consisting of a 1.8% same-store sales decrease at... More