OKLAHOMA CITY Sonic Corp. said Thursday that “a challenging economic environment” led to a systemwide same-store sales decline of 4.5 percent in the fourth quarter. Sonic said same-store sales at its partner drive-ins, in which it owns a majority interest, slid 5.4 percent in the Aug. 31-ended quarter. In the year-ago fourth quarter, Sonic reported a 0.6-percent decline in systemwide same-store sales, which included a 6.3-percent drop at partner drive-ins.Sonic, which has more than 3,500 ...
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Contact: Desiree Torres Desiree.Torres@penton.com