Sonic (Nasdaq: SONC) reported earnings on June 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended May 31 (Q3), Sonic met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly. GAAP earnings per share increased.

Gross margins dropped, operating margins shrank, net margins grew.

Revenue details
 Sonic notched revenue of $146.6 million. The 14 analysts polled by S&P Capital IQ foresaw revenue of $147.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.26. The 16 earnings estimates compiled by S&P Capital IQ averaged $0.26 per share. GAAP EPS of $0.26 for Q3 were 8.3% higher than the prior-year quarter's $0.24 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 53.1%, 60 basis points worse than the prior-year quarter. Operating margin was 20.5%, 20 basis points worse than the prior-year quarter. Net margin was 10.1%, 50 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $151.9 million. On the bottom line, the average EPS estimate is $0.28.

Next year's average estimate for revenue is $537.7 million. The average EPS estimate is $0.70.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 362 members out of 417 rating the stock outperform, and 55 members rating it underperform. Among 122 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 104 give Sonic a green thumbs-up, and 18 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sonic is hold, with an average price target of $12.86.

Does Sonic have what it takes to execute internationally? Take a look at some American restaurant concepts that are generating profits in all over the globe in, "3 American Companies Set to Dominate the World." It's free for a limited time. Click here for instant access to this free report.