Sonic gets through rough weather with margins intact

|About: Sonic Corp. (SONC)|By:, SA News Editor

Sonic (SONC) navigated the winter weather a little bit better than restaurant chain peers.

The company reports same-store sales were up 1.4% in FQ2 and it managed to improve margins at its drive-ins by 80 bps.

The company says ongoing initiatives will help lift EPS growth by 14% to 15%.

SONC +5.4% AH