Sonic Corp.’s second-quarter profit declined compared with the same period last year due to special gains on debt in 2011, but same-store sales at the company’s 3,550 drive-ins increased, the company reported Wednesday. The quick-service chain booked a profit of $1.7 million, or three cents a share, in the second quarter ended Feb. 29, compared with $4.3 million, or seven cents a share, in the same quarter a year ago. Excluding a $3.3 million after-tax gain from the early ...
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Contact: Desiree Torres Desiree.Torres@penton.com