Sonic Automotive reported all-time record annual total revenues of $15.2 billion, up 7% year-over-year; all-time record annual total gross profit of $2.4 billion, up 9% year-over-year.
It also reported full year net income of $118.7 million, down 45% year-over-year ($3.42 earnings per diluted share, down 45% year-over-year).
Sonic Automotive reported all-time record annual Franchised Dealerships Segment revenues of $12.9 billion, up 8% year-over-year; Franchised Dealerships Segment gross profit of $2.1 billion, up 8% year-over-year
It’s EchoPark Segment had revenues of $2.1 billion, down 3% year-over-year; an all-time record annual EchoPark Segment gross profit of $233.9 million, up 13% year-over-year; and EchoPark Segment retail used vehicle unit sales volume of 67,636 units, down 2% year-over-year.
