Seeking Alpha

Sonic gets through rough weather with margins intact

  • 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
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