Sonic Automotive Inc. (SAH) Tops Q4 EPS by 1c

Sonic Automotive Inc. (NYSE: SAH) reported Q4 EPS of $0.63, $0.01 better than the analyst estimate of $0.62. Revenue for the quarter came in at $0 versus the consensus estimate of $2.45 billion.

Sonic Automotive Inc. sees FY2015 EPS of $2.01-$2.11, versus the consensus of $2.14.

eff Dyke, Sonic's EVP of Operations, stated, "I could not be more pleased with our team's performance in the fourth quarter and for the year. We started 2014 with a huge calendar including launching both EchoPark® and One Sonic-One Experience all in the fourth quarter of 2014. The amount of preparation and effort that went into launching these critical programs was second to none and I want to personally thank everyone for the hard work and dedication it took to successfully bring both projects to life. We look forward to sharing our progress as the projects gain momentum. Despite the time and energy dedicated to the EchoPark® and One Sonic-One Experience initiatives, our operations team was able to turn in a record breaking quarter and year. December was the biggest gross and profit month in our Company's history for any year or store count!

We expect 2015 to be another great year as our team works diligently to deliver on our goals with EchoPark® and One Sonic-One Experience. We are confident that as the year progresses we will be able to announce our second market for both EchoPark® and One Sonic-One Experience."

For earnings history and earnings-related data on Sonic Automotive Inc. (SAH) click here.

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