Sonic Corp (SONC) Prelim. Q4 EPS Falls Short of Consensus
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Sonic Announces Preliminary Results for the Fourth Fiscal Quarter of 2016
September 27, 2016 4:05 PM EDTFourth Fiscal Quarter 2016 Earnings Conference Call Date Announced
OKLAHOMA CITY--(BUSINESS WIRE)-- Sonic Corp. (NASDAQ: SONC), the nation's largest chain of drive-in restaurants, today announced preliminary results for its fourth fiscal quarter ended August 31, 2016.
The company estimates that system-wide same-store sales for its fourth fiscal quarter decreased approximately 2.0%. Estimated same-store sales performance reflects a decrease of approximately 3.0% at company drive-ins and a decrease of approximately 1.8% at franchise drive-ins for the fourth fiscal quarter. Additionally, net income per diluted share is anticipated to be $0.51 to $0.53. Adjusted net... More
