Financial News-Wendy's, Sonic, RadioShack, Panera Bread
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Dublin, Ohio-Wendy's International Inc. says itexpects net income to rise 1.1 percent in the second quarter asstrength at the company's Tim Horton's units helpedmitigate higher beef and utility costs. The company expects overallnet income of about $56 million, or 47 cents a share, in thequarter, up from the 43 cents a share earned a year ago.-Reuters
Oklahoma City, Oklahoma-Sonic Corp. recorded a 26-percentincrease in net income and a 23-percent increase in revenues duringthe quarter ended May 31. The drive-in restaurant company saw netincome grow from $9.1 million a year ago to $11.5 million. SonicCEO Clifford Hudson cites higher franchising income, improvedprofitability at the restaurant and corporate levels, and increaseddrive-in openings as factors in the company's performance.-Daily Oklahoman Online
Fort Worth, Texas-RadioShack reports that sales at storesopen at least one year rose 4 percent in June on strong sales ofwireless equipment. Total sales in June rose 8 percent to $356.6million from $331.4 million last year. -Reuters
St. Louis-Systemwide comparable store sales for PaneraBread Co. increased 6.8 percent for the four-week period that endedJune 16 and 7.2 percent for the 24-week period that ended June 16.-PR Newswire
