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Sonic (SONC +7.8%) rallies off of its Q3 results and rosy guidance for FY13. The company expects...
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Wednesday, October 17, 2012, 10:39 AM ETSonic (SONC +7.8%) rallies off of its Q3 results and rosy guidance for FY13. The company expects restaurant-level margins to improve between 50 bps and 100 bps while it holds its costs in line. Growth in terms of adding stores has been tempered at Sonic as it adopts a more "multilayered" approach to its model including increasing royalty and franchising revenue opportunities.
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