Sonos (SONO) Tops Q1 EPS by 10c, Updates Guidance

Sonos (NASDAQ: SONO) reported Q1 EPS of $1.02, $0.10 better than the analyst estimate of $0.92. Revenue for the quarter came in at $664.5 million versus the consensus estimate of $641.01 million.

GUIDANCE:

Sonos sees FY2022 revenue of $1.95-2 billion, versus the consensus of $1.95 billion.

• Gross margin in the range of 46% to 47%. Our fiscal 2022 gross margin outlook includes minimal net tariff impact
• Adjusted EBITDA in the range of $290 million to $325 million, representing growth in the range of 4% to 17%
• Adjusted EBITDA margin in the range of 14.9% to 16.2%

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

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