Sonic Gains After Serving Up Double the Profit in the Second Quarter

Keep an eye on shares of fast food chain operator Sonic Corp (SONC) in Wednesday's trading session.
By Kurumi Fukushima ,

Keep an eye on shares of fast food chain operator Sonic Corp (SONC) in Wednesday's trading session. In its fiscal second quarter, the company said profits nearly doubled compared to a year ago. Revenue also grew 15%, topping Wall Street expectations. The largest U.S. chain of drive-in restaurants, reported better than expected earnings along with double digit same store sales. Looking ahead to fiscal year 2015, the company said its business momentum will likely continue. It expects same-store sales growth to outperform. Shares have gained more than 72% over the past 52-week period. TheStreet's Kurumi Fukushima reports in New York.

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