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Revenues for the fourth quarter of fiscal 2009 decreased 23% to $173.82 million versus $226.91 million for the fourth quarter of fiscal 2008.
For fiscal 2009, net income was $49.44 million, or $0.81 earnings per diluted share, compared to $60.32 million, or $0.97 earnings per diluted share for fiscal 2008. Revenues were $718.79 million compared to $804.71 million for fiscal 2008.
Clifford Hudson, chairman and CEO of Sonic Corporation, said: "The past quarter and year have been challenging for us. While sales performance is not where we would like it to be, we do feel positive about our ability to maintain traffic at a relatively flat level. Given the level of consumer confidence and the state of the restaurant industry, we think this is a notable achievement."
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