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 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?
Contact: Desiree Torres Desiree.Torres@penton.com