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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.