Sonic Q2 Profit Rises - Quick Facts

(RTTNews) - Sonic Corp. (SONC) Monday reported second-quarter net income of $4.1 million or $0.07 per share, compared to $3.6 million or $0.06 per share in the comparable quarter last year.

Adjusted net income for the latest second quarter was $4.1 million or $0.07 per share, up from $3.0 million or $0.05 per share in the prior year quarter. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.06 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues declined to $109.74 million from $111.14 million last year, while 11 analysts expected revenues of $110.94 million.

System-wide same-store sales increased 1.4 percent, consisting of a 1.5 percent same-store sales increase at franchise drive-ins and 1.3 percent growth at company drive-ins.

Looking ahead to the fiscal 2014, the company expects positive same-store sales in the low single digit range for the system.