International Business News - SONC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Restaurant chain Sonic Corp. said Friday its fiscal fourth-quarter profit dropped 8 percent due to slow sales at locations owned by the company and higher food and labor costs. http://www.ibtimes.com/articles/20081017/sonic-fiscal-4th-qtr-profit-falls-8-percent.htm Fri, 17 Oct 2008 09:12:38 EDT A Goldman Sachs analyst took a dim view of the nation's casual dining restaurant chains, telling investors in a research note that the industry will likely face pressure as diners ratchet down discretionary spending at least through next year. http://www.ibtimes.com/articles/20081006/ahead-of-the-bell-casual-dining-cut-at-goldman.htm Mon, 06 Oct 2008 08:53:46 EDT Country music superstar Carrie Underwood references a Sonic drive-in as a favorite spot along the main drag in her single-stoplight hometown of Checotah in her hit song, "I Ain't in Checotah Anymore." http://www.ibtimes.com/articles/20081002/oklahoma-based-sonic-faces-rough-weather.htm Thu, 02 Oct 2008 11:13:00 EDT While the credit crunch is making it hard for some restaurant companies to get loans to build new locations and renovate old ones, other chains are using the slowdown to secure better terms from landlords struggling to find viable tenants. http://www.ibtimes.com/articles/20081001/restaurants-take-credit-hit-but-leases-improve.htm Wed, 01 Oct 2008 19:33:36 EDT A group of leaders from 16 major employers in Oklahoma are asking Congress to approve a federal bailout of the country's financial industry. The group, which includes the presidents of the University of Oklahoma and Oklahoma State University, issued a joint statement on Wednesday. http://www.ibtimes.com/articles/20081001/oklahoma-ceos-urge-approval-of-bailout-plan.htm Wed, 01 Oct 2008 14:00:38 EDT A gas shortage in the Southeast following Hurricane Ike may hurt earnings for restaurant operators, according to one analyst. In a client note Friday, William Blair & Co. analyst Sharon Zackfia expects a gas shortage over the past two weeks in the Southeast will "likely exacerbate a likely lousy quarter" for Sonic Corp., Panera Bread Co., Starbucks Corp., PF Chang's China Bistro Inc., Cheesecake Factory Inc., Chipotle Mexican Grill Inc., and BJ's Restaurants Inc. http://www.ibtimes.com/articles/20080929/ahead-of-the-bell-hurricane-ike-hurts-restaurants.htm Mon, 29 Sep 2008 08:15:09 EDT Among the stock activity stories for Wednesday, Sept. 24, from AP Financial News: NEW YORK (AP)--Shares of Gilead Sciences Inc. rose Wednesday after Citi analyst Dr. Yaron Werber reaffirmed a "Buy" rating on the stock, forecasting stronger-than-expected third-quarter revenue based on HIV drug sales. http://www.ibtimes.com/articles/20080924/movers-roundup-gilead-sciences-sonic.htm Wed, 24 Sep 2008 19:50:57 EDT Several analysts trimmed their fourth-quarter profit estimates for Sonic Corp. on Wednesday, after the drive-through restaurant chain said preliminary fourth-quarter same-store sales were "slightly negative." http://www.ibtimes.com/articles/20080924/sonic-slips-on-same-store-sales-outlook.htm Wed, 24 Sep 2008 17:37:03 EDT Among the earnings projection stories for Wednesday, Sept. 24, from AP Financial News: NEW YORK (AP)--National Financial Partners Corp. on Wednesday said its total revenue for the first two months of the third quarter declined by about 7 percent, while operating expenses increased. http://www.ibtimes.com/articles/20080924/outlook-roundup-national-financial-memc.htm Wed, 24 Sep 2008 10:38:47 EDT Drive-through restaurant chain Sonic Corp. said Tuesday that its preliminary fourth-quarter same-store sales were "slightly negative," dragged down by poor performance of its partner drive-ins. http://www.ibtimes.com/articles/20080924/sonic-says-preliminary-same-store-sales-down-in-4q.htm Wed, 24 Sep 2008 06:44:22 EDT Sales and profits of restaurant chains with locations in the Houston area will likely only be minimally affected by Hurricane Ike, a KeyBanc Capital Markets analyst said Wednesday. http://www.ibtimes.com/articles/20080917/sector-snap-restaurants-survive-ike.htm Wed, 17 Sep 2008 13:36:56 EDT Among the premarket activity stories for Thursday, Sept. 11, from AP Financial News: NEW YORK (AP)--Wall Street held a positive outlook for Covidien Ltd. Thursday following the medical device maker and diversified health care company's guidance for sales growth in 2009. http://www.ibtimes.com/articles/20080911/premarket-roundup-covidien-sonic.htm Thu, 11 Sep 2008 09:26:51 EDT A Piper Jaffray analyst on Thursday said sales at restaurant chain Sonic Corp. could be "challenged" in the fourth quarter, which may lead to lower-than-expected profit. http://www.ibtimes.com/articles/20080911/ahead-of-the-bell-analyst-sees-weak-4q-for-sonic.htm Thu, 11 Sep 2008 08:43:20 EDT Sonic Corp. shares dropped to a 52-week low Friday after a Banc of America analyst said the fast-food chain faces near-term challenges including higher dairy costs and a rise in the federal minimum wage. http://www.ibtimes.com/articles/20080711/sonic-shares-drop-as-analyst-starts-at-neutral.htm Fri, 11 Jul 2008 18:17:22 EDT Among the stock activity stories for Wednesday, June 25, from AP Financial News: NEW YORK (AP)--Shares of J.C. Penney Co. rose Wednesday, after the department-store operator said it would cut back the pace of department-store openings and trim capital spending amid a difficult retail environment. http://www.ibtimes.com/articles/20080625/movers-roundup-penney-sonic.htm Wed, 25 Jun 2008 14:30:41 EDT Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080625/mastercard-countrywide-among-big-movers.htm Wed, 25 Jun 2008 17:26:29 EDT Drive-in restaurant operator Sonic Corp. shares fell to a three-year low Wednesday after the company reported a 17 percent drop in third quarter profit. http://www.ibtimes.com/articles/20080625/sonic-shares-fall-to-3-year-low-on-3q-profit-drop.htm Wed, 25 Jun 2008 13:07:39 EDT Sonic Corp. shares sank to a three-year low Wednesday after the drive-in restaurant operator reported disappointing results for its fiscal third quarter. http://www.ibtimes.com/articles/20080625/out-of-the-gate-sonic-falls-after-3q-results.htm Wed, 25 Jun 2008 10:29:41 EDT Boeing Co. fell in premarket trading Wednesday after the aerospace manufacturer's shares were downgraded on a weakening economy and rising fuel costs. http://www.ibtimes.com/articles/20080625/premarket-movers-boeing-sonic-fall-in-premarket.htm Wed, 25 Jun 2008 09:11:08 EDT Next week, several companies in the restaurant sector will report quarterly results, which may offer insight on whether consumers are continuing to scale back spending as gas prices rise. http://www.ibtimes.com/articles/20080620/on-the-watch-restaurant-operators.htm Fri, 20 Jun 2008 17:44:24 EDT