date:Jan 08, 2014
Cheesecake bites, new spicy chicken sandwiches and the extension of its summer shake promotion help lift sales for Sonic Corp. during the first quarter.
For the quarter ended Nov. 30, 2013, the drive-in restaurant chain had net income of $8,208,000, equal to 15c per share on the common stock, up 34% from $6,133,000, or 11c per share, during the prior-year period. Excluding a tax benefit from a favorable tax ruling, net income increased 26%.
Total revenues increased slightly to $126,652,000 fro