Sonic Earnings Increase 21%

Summary


Sonic Corp. on Tuesday reported sharp increases in revenues and earnings for the fiscal year ended Aug. 31.

Net income for the fiscal year increased 21 percent to $63 million, or $1.02 per diluted share, from $52.3 million, or 86 cents per diluted share, for the previous fiscal year.

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Sonic Earnings Increase 21%

Revenues for the fiscal year increased 20 percent to $536.4 million from $446.6 million for the previous fiscal year.

The Oklahoma City-based operator o...

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