OKLAHOMA CITY Sonic Corp. said Tuesday it has fallen victim to the high levels of domestic unemployment and the deep discounting in the fast-food sector during its November-ended first quarter, forcing it to reduce expectations for the full year. The parent company to the drive-in chain with more than 3,500 locations posted double-digit declines in both revenue and profit for its first quarter, and now expects earnings per share for its August-ending year to remain unchanged from 2009, or ...
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Contact: Desiree Torres Desiree.Torres@penton.com