Sonic (SONC) volatility increase into Q3 and outlook
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Jefferies Cuts Price Target on Sonic Corp (SONC) to $32 Following 3Q Report
June 24, 2016 8:36 AM EDTJefferies reiterated a Hold rating on Sonic (NASDAQ: SONC), and cut the price target to $32.00 (from $34.00), following the company's 3Q earnings report. SONC reported SSS of 2.0%, missing the revised consensus estimate of 2.5%. SSS started the quarter up 6% in March but slowed notably into... More
Sonic Corp (SONC) Tops Q3 EPS by 1c
June 23, 2016 4:20 PM EDTSonic Corp (NASDAQ: SONC) reported Q3 EPS of $0.43, $0.01 better than the analyst estimate of $0.42. Revenue for the quarter came in at $165.2 million versus the consensus estimate of $166.16 million.
System same-store sales increased 2.0%, consisting of a 2.1% same-store sales increase at franchise drive-ins and an increase of 0.9% at company... More
