Sonic Corp. (NASDAQ:SONC) recently reported comparable store sales (comps) growth for fiscal 2011, reflecting a 1.8% increment in drive-ins and 0.5% for the system. The growth was a turnaround from the decrease of 7.8% for the system recorded in the year-earlier period.
Sonic’s fourth quarter same-store sales increased approximately 0.4% for company drive-ins and declined 0.5% for the system. The dip in quarter’s overall sales was also below the company’s original guidance of positive low single … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards