Scott Smith, President and COO of Sonic Automotive to Appear On CNBC's Squawk Box
Scott Smith, President and COO of Sonic Automotive to Appear On CNBC's Squawk Box
CHARLOTTE, N.C., Aug. 28 Specialty retailer Sonic Automotive, Inc. today announced that Scott Smith, the Company's President and COO, will appear on CNBC's Squawk Box tomorrow, Wednesday, August 29, 2001 at 7:50 A.M. EST. Sonic's appointment to the 15th position in Fortune magazine's ranking of the Fastest-Growing Companies (based on revenue growth, earnings per share growth and total stock market return over the past three years) has allowed Sonic this opportunity to be showcased with some of the market's most compelling performers. Sonic's three-year annual revenue growth rate of 115 percent, three-year earnings per share growth rate of 79 percent and three-year total stock market return rate of 32 percent, which beat the S&P 500 for the same period, has afforded Sonic the designation as the strongest performing automotive retailer on this year's list. Sonic Automotive, Inc., a Fortune 300 company and member of the Russell 2000 Index, is the second largest automotive retailer in the United States operating 163 franchises and 30 collision repair centers in Alabama, California, Florida, Georgia, Maryland, Nevada, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas and Virginia. Sonic Automotive can be reached on the Web at http://www.sonicautomotive.com. Contact: Theodore M. Wright, Chief Financial Officer of Sonic Automotive, Inc. (704) 532-3347. J. Todd Atenhan, Investor Relations of Sonic Automotive, Inc. (888) 766-4218. Bill Steers, Edelman Public Relations, (404) 739-0220.
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