Sonic Corp. said Monday its annual same-store sales swung to a positive result, as company-owned drive-ins posted a 1.8-percent increase in fiscal 2011, and the systemwide result rose 0.5 percent, compared with negative results a year earlier. Oklahoma City, Okla.-based Sonic, which will release its full-year earnings on Oct. 18, said its fourth-quarter same-store sales increased 0.4 percent for company drive-ins and declined about 0.5 percent for the system. The company’s fourth ...
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Contact: Desiree Torres Desiree.Torres@penton.com