Sonos (SONO) Tops Q1 EPS by 15c, notes reduced sell-through velocity toward end of Q1

(Updated - February 6, 2019 4:51 PM EST)

Sonos (NASDAQ: SONO) reported Q1 EPS of $0.55, $0.15 better than the analyst estimate of $0.40. Revenue for the quarter came in at $496 million versus the consensus estimate of $490.53 million.

• FY 2019 outlook We are reaffirming the full-year FY19 guidance we established in November.
• Reduced sell-through velocity toward the end of Q1 FY2019 created higher channel inventory levels than we would have liked heading into Q2 FY2019. This elevated channel inventory and our production schedule with IKEA starting in Q3 FY2019 instead of Q2 FY2019 will impact Q2 revenue but does not alter our full-year revenue or adjusted EBITDA outlook

For earnings history and earnings-related data on Sonos (SONO) click here.

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