Sonic Automotive (SAH) Reports In-Line Q2 EPS

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Go back to Sonic Automotive (SAH) Reports In-Line Q2 EPS

Sonic Automotive, Inc. Reports Quarterly Continuing Operations Earnings per Share of $0.50

July 26, 2016 7:30 AM EDT

CHARLOTTE, N.C., July 26, 2016 /PRNewswire/ --

Second Quarter 2016 Highlights

Q2 2016 same store fixed operations revenues up 3.0% over prior year quarter Q2 2016 same store finance and insurance revenues and gross profit up 2.9% over prior year quarter Q2 2016 continuing operations SG&A to gross improves 160 basis points to 78.5% compared to prior year quarter of 80.1% Q2 2016 continuing operations SG&A to gross improves 70 basis points to 78.5% compared to an adjusted prior year quarter of 79.2% Two additional Denver market EchoPark® stores opened in late June Q2 2016 EchoPark® stores... More