Sonic Corp., owner and franchisor of more than 3,500 drive-in restaurants, reported Tuesday a swing to profitability in its second quarter, driven by positive same-store sales and a one-time gain from the early payment of debt. For the quarter ended Feb. 28, Sonic reported net income of $4.3 million, or 7 cents per share, compared with a loss of $642,000, or 1 cent per share, in the same quarter a year earlier. During the second quarter, Sonic repurchased $62.5 million of the company’s ...
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