Sonic Automotive Schedules Release of 2020 Third Quarter Financial Results
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Q2 2020
For quarter ended June 30, 2020
$2.1B
Total Sonic consolidated second quarter 2020 revenues of $2.1 billion and gross profit of $307.4 million
74.9%
SG&A expenses as a percentage of gross profit were 74.9% for the second quarter of 2020, compared to 77.2% for the second quarter of 2019, a 230-basis point improvement (total SG&A expenses for the second quarter of 2020 decreased $64.2 million, or 22%, compared to the second quarter of 2019)
$0.71
Earnings per diluted share from continuing operations of $0.71 for the second quarter of 2020, compared to $0.62 for the second quarter of 2019 (included in the results for the second quarter of 2020 is a non-recurring tax benefit of $3.2 million, or $0.07 per share)
EchoPark second quarter 2020 revenues of $315.3 million, up 8% from the second quarter of 2019
EchoPark second quarter 2020 retail sales volume of 13,207 units, up 5% from the second quarter of 2019
EchoPark segment income of $2.6 million, up 52% from the second 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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Sonic Automotive, Inc.
4401 Colwick Road
Charlotte, NC 2211
(704) 566-2400
Investor Relations
Danny Wieland
(704) 927-3462
ir@sonicautomotive.com
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