- The company's net income per diluted share increased 8% to $0.26 in the third quarter of fiscal 2013 compared with net income per diluted share of $0.24 in the third quarter of fiscal 2012;
- System-wide same-store sales increased 0.1% during the third quarter, consisting of 0.2% same-store sales increase at franchise drive-ins and a decrease of 1.1% at company drive-ins; weather is estimated to have had a 300 to 400 basis point adverse impact on system-wide same-store sales for the quarter; and
- The company purchased $11 million of stock during the third fiscal quarter bringing fiscal year-to-date purchases to $35.5 million representing approximately 6% of its outstanding stock as of the beginning of the fiscal year.
Sonic Corp. (NASDAQ: SONC), the nation's largest chain of drive-in restaurants, today announced results for the third fiscal quarter ended May 31, 2013. Key highlights of the company's third quarter report included: