Sonic FY15 Same-store Sales Up 7.3%

(RTTNews) - Drive-in restaurant chain Sonic Corp. (SONC) said Monday that its fiscal 2015 same-store sales increased 7.3%, including an increase of about 6.9% at company drive-ins and 7.3% at franchise drive-ins.

For the company's fourth fiscal quarter, same-store sales increased about 4.9%, including an increase of about 4.5% at company drive-ins and about 4.9% at franchise drive-ins.

While the macroeconomic environment may impact results, the company said, it expects its initiatives to drive 14% to 18% earnings per share growth for fiscal 2016.

The company said it will release results for the fourth quarter ended August 31 on October 19.