Sonic Corp. (SONC) announced that a challenging economic environment continued to constrain consumer discretionary spending and sales in the fourth quarter, with Sonic's same-store sales declining an estimated 4.5% for the system and 5.4% for partner drive-ins. These declines are improvements from the company's sales performance for the third fiscal quarter and reflect the positive impact of Sonic's sales-driving initiatives. Traffic for the quarter was relatively flat versus the prior year.
For fiscal 2010, Sonic expects net income per share to increase in the range of 10% to 12% from fiscal 2009 reported earnings, excluding special gains and impairment charges. Analysts polled by Thomson Reuters expect the company to report earnings of $0.80 per share for fiscal 2010. Analysts' estimates typically exclude special items.
For fiscal 2010, Capital expenditures is expected to be in the range of $30 million - $40 million. The company expects flat same-store sales at both partner and franchise drive-ins.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.