Sonic’s comps grow 5.3%

Same-store sales at Sonic increased 5.3 percent year over year during the first quarter, rising on value items and the introduction of two premium chicken products, the drive-in chain said Tuesday.

Net income at the chain increased 24 percent year over year, to $12.5 million.

“Our solid business momentum continues with another quarter of robust same-store sales,” Sonic CEO Cliff Hudson said in a statement, noting that LTOs and “improvements in core menu items” were instrumental in driving those sales.

The chain said it anticipates comps growth in the range of 2 to 4 percent for the full fiscal year. 

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Pricing has driven restaurant sales growth for the past 2 years

The Bottom Line: Restaurant sales have grown for most of the past two years. But they haven't kept pace with menu price inflation, suggesting the industry is saturated again.

Food

Restaurants can learn some foodservice tricks from supermarkets

State of the Plate: Nancy Kruse, RB’s menu trends columnist, says grocers are stepping up their game, and restaurants need to keep up.

Financing

So you are opening a restaurant in a Walmart? Good luck with that

The Bottom Line: The retail giant is adding regional restaurant chains to its stores, giving them some key exposure. But there are some real drawbacks to pay attention to.

Trending

More from our partners