OKLAHOMA CITY Sonic Corp., parent to the 3,400-unit drive-in brand, based here, reported a 49-percent year-to-year surge in net income for its February-ended quarter, on both sales growth and a favorable comparison to year-earlier results that were hurt by one-time charges. Sonic’s second-quarter net income totaled $9.3 million, or 15 cents per share, compared with $6.2 million, or 9 cents per share, in the same period last year.The large increase in net income for the latest ...
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Contact: Desiree Torres Desiree.Torres@penton.com