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. 

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