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 ...
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!