Sonic Corp (SONC) Tops Q3 EPS by 2c, Comps Decline 1.2%

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Go back to Sonic Corp (SONC) Tops Q3 EPS by 2c, Comps Decline 1.2%

Sonic Reports Improved Sales Trend in Fiscal Third Quarter

June 22, 2017 4:05 PM EDT

Development Pipeline for New Drive-Ins Continues to Build

OKLAHOMA CITY--(BUSINESS WIRE)-- Sonic Corp. (NASDAQ: SONC), the nations largest chain of drive-in restaurants, today announced results for its third fiscal quarter ended May 31, 2017.

Key highlights of the companys third quarter of fiscal year 2017 included:

Net income per diluted share increased 42% to $0.44 versus $0.31 in the prior-year period; adjusted net income per diluted share remained the same as the prior-year period at $0.43; System same-store sales declined 1.2%, consisting of a 1.1% same-store sales decrease at franchise drive-ins and a 3.2%... More