Brief: Sonic Automotive Indefinitely Suspends Operations At 8 EchoPark Locations

Sonic Automotive

22/06/2023 22:04

June 22 (Reuters) - Sonic Automotive Inc  SAH.N :
    * SONIC AUTOMOTIVE INC- HAS INDEFINITELY SUSPENDED
OPERATIONS AT
EIGHT ECHOPARK LOCATIONS AND ADDITIONAL RELATED DELIVERY/BUY
CENTERS
    * SONIC AUTOMOTIVE INC- MAINTAINS GOAL OF EBITDA BREAKEVEN
FOR
ECHOPARK SEGMENT BY Q1 OF 2024
    * SONIC AUTOMOTIVE INC- SONIC EXPECTS TO RECORD A ONE-TIME
CHARGE
IN Q2 OF 2023, RANGING BETWEEN $60 MILLION TO $80 MILLION

Source text for Eikon:  ID:nBw8KWJzNa 
Further company coverage:  SAH.N 

 ((Reuters.Briefs@thomsonreuters.com;))