Sonic Misses On Bottom Line
Sonic Corp. (NASDAQ:SONC) reported fourth quarter 2011 adjusted earnings of 20 cents per share, which lagged the Zacks Consensus Estimate by 2 cents but perked up from the year-ago quarter’s earnings of 8 cents. The year-over-year improvement was driven by efficient cost management, strong comparable store sales (comps) at company-owned drive-ins. In fiscal 2011, the [...]
Sonic Corp. (NASDAQ:SONC) reported fourth quarter 2011 adjusted earnings of 20 cents per share, which lagged the Zacks Consensus Estimate by 2 cents but perked up from the year-ago quarter’s earnings of 8 cents. The year-over-year improvement was driven by efficient cost management, strong comparable store sales (comps) at company-owned drive-ins.
In fiscal 2011, the earnings were 31 cents per share versus 34 cents in the year-earlier period.
Total revenue in the reported quarter was $151.2 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards