OKLAHOMA CITY Sonic Corp., the operator or franchisor of 3,245 namesake drive-in restaurants, said its second-quarter profit was slashed from a year earlier because of debt extinguishment and other charges. The company's revenues for the quarter ended Feb. 28 increased 8 percent to $161.5 million on a systemwide same-store sales increase of 2 percent, new unit growth and sales from the eight formerly franchised units recently acquired by the company. Net profit totaled $6.2 million, ...
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