OKLAHOMA CITY Sonic Corp., operator or franchisor of 3,350 namesake drive-ins, said on Tuesday that first-quarter same-store sales at restaurants majority-owned by the company rose within its targeted range of 2 percent to 4 percent, leading Sonic to say it would hit Wall Street’s per-share profit target. For the first quarter of the company’s fiscal 2008, which ended Nov. 30, Sonic said it was comfortable with the mean per-share profit target of 21 cents that ...
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?