Sonic Automotive Inc Q2 FY2024 Earnings Call

Sonic Automotive Inc (SAH)

Earnings Call FY2024 Q2 Call date: 2024-08-05 Concluded

Quarter scorecard

Revenue

$3.45B

-5.5% YoY

Diluted EPS

$1.18

+81.5% YoY

Gross margin

15.6%

+0.0 pp YoY

Net income

$41.20M

+76.1% YoY

Franchised Dealerships $2.90B

-3.7%

Pre-Owned Stores $517.30M

-13.9%

Buybacks (derived)

$100,000

Dividend / share

$0.30

ex Sep 13