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Shares of Santa Barbara-based Sonos have dipped more than 30% since the company’s second-quarter earnings were announced on May 10, revealing that the company would be slashing its fiscal projections for the full year. For the quarter ended March 31, Sonos generated revenue worth $304.2 million, down 22.4% year-over-year while gross margin decreased 150 basis
Sonos reports softening in home theater and audio markets. Revises full year forecast down, while exploring financing options for customers.
Operator: Good day everyone, and welcome to the Sonos Second Quarter Fiscal 2023 Conference Call. At this time, all participants are in a listen-only mode. Later we will take your questions.
SONO earnings call for the period ending March 31, 2023.
Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries that consumers were dialing down purchases of its premium speakers in a... | May 11, 2023