Sonic Automotive And EchoPark Continue To See Stronger Than Expected Recovery
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Q1 2020
For quarter ended March 31, 2020
$0.40
Adjusted earnings per diluted share from continuing operations* of $0.40 for the first quarter of 2020, compared to $0.39 for the first quarter of 2019
80.5%
SG&A expenses as a percentage of gross profit were 80.5% for the first quarter of 2020, compared to 68.8% for the first quarter of 2019 (adjusted SG&A expenses as a percentage of gross profit* were 80.5% for the first quarter of 2020 and 80.1% for the first quarter of 2019)
$2.3B
Total Sonic consolidated first quarter 2020 revenues of $2.3 billion and gross profit of $350.6 million
Record quarterly EchoPark revenues of $331.7 million, up 33% from the first quarter of 2019
Record quarterly EchoPark retail sales volume of 13,986 units, up 27% from the first quarter of 2019
EchoPark segment income of $2.1 million, in-line with the first quarter of 2019
For complete information regarding our financials, see our periodic filings
A Fortune 500 Auto Retailer
Sonic Automotive, Inc., a Fortune 500 company based in Charlotte, North Carolina, is one of the nation’s largest automotive retailers. Sonic can be reached on the web at www.sonicautomotive.com. More information about EchoPark Automotive can be found at www.echopark.com.
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Contacts
Company
Sonic Automotive, Inc.
4401 Colwick Road
Charlotte, NC 2211
(704) 566-2400
Investor Relations
Danny Wieland
(704) 927-3462
ir@sonicautomotive.com
Media Relations
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