Sonic Corp (SONC) Tops Q1 EPS by 5c
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Sonic Reports First Fiscal Quarter 2018 Earnings Per Share Growth
January 4, 2018 4:08 PM ESTOKLAHOMA CITY--(BUSINESS WIRE)-- Sonic Corp. (NASDAQ: SONC), the nations largest chain of drive-in restaurants, today announced results for its first fiscal quarter ended November 30, 2017.
Key highlights of the companys first quarter of fiscal year 2018 included:
Net income per diluted share increased 4% to $0.29 versus $0.28 in the prior-year period; adjusted net income per diluted share increased 25% to $0.30 versus $0.24 in the prior-year period; System same-store sales declined 1.7%, consisting of a 1.6% same-store sales decrease at franchise drive-ins and a 3.2% decrease at company drive-ins; Company drive-in margins declined 0.1%;... More