Comment on Will Sonic Break Its Eight-Quarter Streak of Sales Declines?

Will Sonic Break Its Eight-Quarter Streak of Sales Declines?

Shares of Sonic (NASDAQ: SONC) tumbled 5% on June 27, after the fast-food chain posted mixed third-quarter numbers. Its revenue fell 5% year over year to $118.3 million, which missed expectations by $0.35 million and marked its eighth straight quarter of declining sales.Sonic's comparable-store sales dropped 0.2% at both its franchised and company-owned locations.

 

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