Sonic Reports Positive System-Wide Same-Store Sales Results
Sonic Corp. (NASDAQ: SONC) today announced that estimated system-wide same-store sales for the fiscal third quarter, which ended May 31, 2012, increased 2.8%. Same-store sales reflected an estimated increase of 3.7% at company drive-ins and 2.7% at franchise drive-ins. On a two-year basis, estimated system-wide same-store sales improved by 6.7% in the third quarter.
“This one-year and two-year improvement in same-store sales reflects the effective impact our service, product quality and marketing initiatives have had on our business,” said Clifford Hudson, Chairman and Chief Executive Officer. “We are very pleased with the sales trends we saw in the third quarter, despite economic and some restaurant-level cost challenges. We remain confident in our ability to drive consistent sales and leverage other aspects of our multi-layered growth strategy in the near and long term.”
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