Sonic Corp. (NASDAQ:SONC) reported second quarter 2012 adjusted earnings of 3 cents per share, surpassing the Zacks Consensus Estimate as well as year-ago earnings by a penny. However, on a GAAP basis, quarterly earnings were 3 cents, down from the year-ago earnings of 7 cents per share.
Total revenue in the reported quarter inched up 1.4% year over year to $115.1 million. The growth was buoyed by improved same-store sales partially offset by a decline from the refranchising of 31 stores during the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards