Unemployment continues to drag on sales at Sonic Corp.'s restaurants, the company said Wednesday, leading it to lower its fiscal 2010 earnings outlook. Sonic, which is scheduled to release its third-quarter results on June 21, said Wednesday that it expects same-store sales for the three months ended May 31 to fall between 6 percent and 6.5 percent. The operator or franchisor of 3,500 drive-in restaurants said it anticipates same-store sales to fall 4 percent to 8 percent in the fourth ...
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Contact: Desiree Torres Desiree.Torres@penton.com