Sonic Corp. executives credited a robust product pipeline, which has just debuted a line of grilled cheese sandwiches, and renewed emphasis on its five-daypart strategy for improved profits in its first quarter. Sonic said profit rose 12 percent in the quarter ended Nov. 30 at the Oklahoma City-based drive-in chain, with the company earning $6.1 million, or 11 cents per share, compared to $5.5 million, or 9 cents per share, in the prior-year quarter. Revenue dropped to $126 million ...
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