Sonic Q1 Profit Rises - Quick Facts

(RTTNews) - Sonic Corp. (SONC) Monday reported first-quarter profit of $8.21 million or $0.14 per share, up from $6.13 million or $0.11 per share in the same period last year.

Adjusted earnings for the quarter was $7.72 million or $0.13 per share. On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved to $126.65 million from $126.01 million last year. Analysts expected revenues of $127.99 million.

System-wide same-store sales increased 2.2 percent, consisting of a 2.3 percent same-store sales increase at franchise drive-ins and 1.9 percent growth at company drive-ins.

Looking ahead to the fiscal 2014, the company expects positive same-store sales in the low single digit range for the system.