drive-in

drive-in

Drive-In Fast Food Chain Set to Report Quarterly Earnings Tuesday

2d ago
SOURCE  

Description

TheStreet's Jim Cramer says he's watching Sonic on Tuesday to see if we can continue the upward trend in the restaurants. The drive-in fast food chain is set to report second quarter results after the close. Cramer says the restaurant space has been on fire, it's been the leadership group because of the decline in oil prices and Sonic needs to continue that. The company has beaten Wall Street earnings estimates for three of the last four quarters. Sonic recently added to its menu items and announced two new franchises earlier this year with an expansion in the northeast. It is also adopting a mobile strategy, installing digital menu boards and new point-of-sale systems. The stock is up 68 percent over the past year. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet