Sonos, Inc. (NASDAQ:SONO) Q2 2024 Results Conference Call May 7, 2024 5:00 PM ET Company Participants James Baglanis - Head-Investor Relations Patrick Spence - Chief Executive Officer Saori Casey - Chief Financial Officer Conference Call Participants Steve Frankel - Rosenblatt Erik Woodring - Morgan Stanley Jake Norton - Raymond James Alex Fuhrman - Craig-Hallum Brent Thill - Jefferies Operator Thank you for standing by. My name is Greg and I will be your conference operator today. At this time, I would lik ...

Sonos (SONO) came out with a quarterly loss of $0.34 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to loss of $0.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -25.93%. A quarter ago, it was expected that this maker of wireless speakers and home sound systems would post earnings of $0.60 per share when it actually produced earnings of $0.84, delivering a surprise of 40%. Over the last fou ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38603 _____________________________________________ ...

Exhibit 99.1 Sonos Reports Second Quarter Fiscal 2024 Results Company reports solid first half, on-track to achieve Fiscal 2024 guidance Santa Barbara, CA – May 7, 2024 - Sonos, Inc. (Nasdaq: SONO) today reported second quarter fiscal 2024 results. "Thanks to the hard work of our team, and the strength of our brand and product portfolio, we delivered results that slightly exceeded our expectations in our second quarter despite the challenging environment," Sonos CEO Patrick Spence commented. "Today marks th ...

Sonos, Inc. (SONO) recently announced an extensive redesign for its Sonos App. The new app is specifically tailored to enhance the streaming experience for listeners by allowing them to set up playlists, stations, albums and more per their choice from more than 100 services on one “customizable” home screen, added Sonos.With a simple and easy swipe-up feature, the customized home screen gives faster access to Sonos system controls. The app, which supports all existing S2 products, will be made accessible wo ...

Shares of premium speaker company Sonos (SONO -1.96%) jumped 21.7% during February, according to data provided by S&P Global Market Intelligence. The stock jumped higher early in the month after the company reported quarterly financial results. And it held on to gains even after a report suggested it's having trouble with a new product.On Feb. 6, Sonos reported financial results for the fiscal first quarter of 2024 -- a three-month period that ended on Dec. 30. It's true that the company's Q1 revenue was do ...

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced the appointment of Bracken Darrell, President and CEO of VF Corporation, to its Board, effective Feb. 12, 2024. “With Bracken’s excellent track record leading world-class product companies and his deep experience in our space, we are delighted to welcome him to the Board. We’re excited about the value he can add as Sonos continues its journey to become the world’s leading sound experience company,” said Julius Genachowski, ...

An estimates-crushing quarter and a clutch of analyst price-target hikes were the rockets that propelled Sonos (SONO 0.60%) stock into the heavens this week. Across the five trading days, the next-generation audio equipment maker saw its share price rise by more than 14%, according to data compiled by S&P Global Market Intelligence.Sonos blew past the bottom-line consensus estimateFor the first quarter of its fiscal 2024, Sonos revealed on Wednesday the company earned revenue of slightly under $613 million. ...

Shares of premium audio company Sonos (SONO 15.43%) jumped Wednesday after it reported results for its fiscal 2024 first quarter. The company outperformed expectations on the top and bottom lines during those three months. As of 11:50 a.m. ET, Sonos stock was up 15.5%.Sonos starts its fiscal 2024 on a high noteFor the period, which ended on Dec. 30, revenue fell by almost 9% year over year to $613 million, while net income rose  almost 8% to $81 million. Both figures were ahead of Wall Street's expectations ...

Sonos, Inc. (SONO) reported first-quarter fiscal 2024 non-GAAP earnings per share (EPS) of 84 cents compared with 79 cents in the prior-year quarter. On a GAAP basis, the company reported EPS of 64 cents compared with 57 cents in the year-ago quarter. The Zacks Consensus Estimate was pegged at 60 cents.Quarterly revenues decreased 8.9% (down 10.5% on a constant-currency basis) year over year to $612.9 million due to soft consumer demand. However, the top line surpassed the Zacks Consensus Estimate by 4.1%.F ...