Enrique Mayor-Mora

“We are encouraged by the recent growth across the business as our shift into gear strategy is yielding strong financial results highlighted by the continued improvements in our year over year sales and earnings trends.”

“We are encouraged by a performance trajectory as we are showing clear improvements. We have made progress on SG&A reductions, expansion of EPP margins and 22,000 vehicles combined.”

“During the fourth quarter, we improved our sales trends and made progress toward our SG&A reduction goal, which we now expect to be greater than the FY27 exit rate reduction targets we had previously set.”

“Second quarter net earnings per diluted share was $0.64 versus $0.85 a year ago. The decrease was driven primarily by lower volume and the CAF loss provision adjustment.”

“During the quarter, we delivered total sales of $5.8 billion, down 6.9% compared to last year. reflecting lower volume. In our retail business, total unit sales declined 8% and use unit comps were down 9%.”