Oklahoma business news briefs

Oklahoma business news bries
Oklahoman Modified: March 24, 2014 at 10:03 pm •  Published: March 24, 2014
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Oklahoma briefs

BP sponsors students’ field trips

More than 300 children from the Wilburton and McAlester school districts recently had the opportunity to visit Science Museum Oklahoma as a result of sponsorships from BP America. The international oil and gas company provided grant money to fund the Feb. 27 field trip. Similar grants from BP will enable some 1,500 students statewide to receive admission and transportation assistance to the museum.

EARNINGS

SONIC CORP. reports sales gain

Oklahoma City-based Sonic Corp. posted a net income of $4.1 million, or 7 cents per share, for the quarter that ended Feb. 28, up 40 percent from $3.6 million or 6 cents per share for the same period a year ago. Systemwide same-store sales increased 1.4 percent, including an increase of 1.5 percent at franchise drive-ins and an increase of 1.3 percent at company drive-ins. The company repurchased about $51 million of stock representing almost 5 percent of its stock outstanding as of the beginning of the quarter.

From Staff Reports