Sonic Corp (SONC) Tops Q3 EPS by 3c, Comps Decline 0.2%, Guides FY EPS In-Line with Views
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Sonic Reports Accelerating Same-Store Sales Trend for the Third Fiscal Quarter of 2018
June 26, 2018 4:05 PM EDTOKLAHOMA 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, 2018.
Key highlights of the companys third quarter of fiscal year 2018 included:
Net income per diluted share increased 32% to $0.58 versus $0.44 in the prior-year period; adjusted net income per diluted share increased 21% to $0.52 versus $0.43 in the prior-year period; System same-store sales declined 0.2%, consisting of a 0.2% same-store sales decrease at franchise drive-ins and a 0.2% increase at company drive-ins; Company drive-in margins... More