Sonic Foresees '04 Boom Via Breakfast Daypart, New Units

1 min read
Opinions expressed by Entrepreneur contributors are their own.

Oklahoma City-Sonic Corp. believes its 2,706-unit Sonic Drive-In chain can produce 15 percent to 16 percent higher earnings per share in newly begun fiscal 2004 from higher sales, new units, franchise royalty growth and share repurchases.

The company, whose income from operations rose 7.5 percent on a 12.6-percent increase in revenues for its August-ended fourth quarter, also expects to continue to benefit from breakfast, as the recently completed rollout takes hold in developing markets. -Nation's Restaurant News

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Former Apple CEO John Sculley Shares 4 Key Strategies for Growing and Marketing Your Business