Sonic SameStore Sales Grow 65 for the Quarter Ending February 29

Two Year Winter Quarter Cumulative Sales Growth Totals 18%

Sonic Corp. (NASDAQ:SONC) yesterday announced results for its second fiscal quarter ended February 29, 2016.

Key highlights of the company’s second quarter of fiscal year 2016 included:

• Net income per diluted share increased 57% to $0.22 compared with $0.14 in the same period prior year; adjusted net income per diluted share increased 38% to $0.18 compared with adjusted net income per diluted share of $0.13 in the prior-year period;



• System same-store sales increased 6.5%, consisting of a 6.5% same-store sales increase at franchise drive-ins and an increase of 6.3% at company drive-ins;



• Company drive-in margins improved by 60 basis points;



• Five new franchise drive-ins opened; and



• The company purchased 0.9 million outstanding shares.

"Our business continues to perform at an exceptional level, generating 6.5% same-store sales growth for t

Sonic SameStore Sales Grow 65 for the Quarter Ending February 29

Two Year Winter Quarter Cumulative Sales Growth Totals 18%

Sonic Corp. (NASDAQ:SONC) yesterday announced results for its second fiscal quarter ended February 29, 2016.

Key highlights of the company’s second quarter of fiscal year 2016 included:

• Net income per diluted share increased 57% to $0.22 compared with $0.14 in the same period prior year; adjusted net income per diluted share increased 38% to $0.18 compared with adjusted net income per diluted share of $0.13 in the prior-year period;



• System same-store sales increased 6.5%, consisting of a 6.5% same-store sales increase at franchise drive-ins and an increase of 6.3% at company drive-ins;



• Company drive-in margins improved by 60 basis points;



• Five new franchise drive-ins opened; and



• The company purchased 0.9 million outstanding shares.

"Our business continues to perform at an exceptional level, generating 6.5% same-store sales growth for t