Sonic Corp., the 3,550-unit drive-in chain, on Tuesday reported a swing to profit in the third quarter and increases in same-store sales. Sonic reported net income of $14.4 million, or 24 cents a share, in the quarter, which ended May, 31, compared to a net loss of $4.7 million, or eight cents a share, for the same quarter of last year. The prior-year quarter included $17.8 million in after-tax costs associated with refinancing of debt, which, if excluded, would have resulted in net ...
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Contact: Desiree Torres Desiree.Torres@penton.com