Financial News–7-Eleven, McDonald’s, Papa John’s, Sonic
Dallas–Same-store sales at 7-Eleven locations open at least a year rose 1.4 percent in March from a year ago. Gasoline sales fell 5.1 percent due to a 17-cent-per-gallon fall in the average retail price of gasoline. –Dallas Business Journal
Oak Brook, Illinois–Shares of McDonald’s Corp. fell 1.6 percent after the fast-food giant gave a disappointing outlook in its first quarter preview. Executives for the company said that same-store restaurant sales for the first two months of 2002 were flat in the United States. –Reuters
Louisville, Kentucky–Papa John’s International Inc. announced that systemwide comparable sales for the five-week period ended March 31 increased 1.9 percent, composed of a 3.2 percent increase at company-owned restaurant and a 1.5 percent increase at franchise locations. –Papa John’s International Inc.
Oklahoma City–Second-quarter earnings at Sonic Corp. climbed about 29 percent, driven by a 7.3 percent surge in sales in restaurants open at least one year. During the period, the company opened 29 new drive-ins, 22 of which were franchised. –Reuters
Dallas–Same-store sales at 7-Eleven locations open at least a year rose 1.4 percent in March from a year ago. Gasoline sales fell 5.1 percent due to a 17-cent-per-gallon fall in the average retail price of gasoline. –Dallas Business Journal
Oak Brook, Illinois–Shares of McDonald’s Corp. fell 1.6 percent after the fast-food giant gave a disappointing outlook in its first quarter preview. Executives for the company said that same-store restaurant sales for the first two months of 2002 were flat in the United States. –Reuters
Louisville, Kentucky–Papa John’s International Inc. announced that systemwide comparable sales for the five-week period ended March 31 increased 1.9 percent, composed of a 3.2 percent increase at company-owned restaurant and a 1.5 percent increase at franchise locations. –Papa John’s International Inc.
Oklahoma City–Second-quarter earnings at Sonic Corp. climbed about 29 percent, driven by a 7.3 percent surge in sales in restaurants open at least one year. During the period, the company opened 29 new drive-ins, 22 of which were franchised. –Reuters
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