Wednesday, September 15, 2010

Sonic Corp Q4 comp sales fall 6.4 pct

Sept 14 (Reuters) - Drive-in restaurant chain Sonic Corp (SONC.O) reported a 6.4 percent decline in fourth-quarter same-store sales, sending its shares down 5 percent after the bell.


Sonic, whose sales have been hit due to the high unemployment rates among its core demographics, said same-store sales in its drive-ins were down 6.1 percent for the quarter

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