Sonos (SONO) Tops Q4 EPS by 14c; Guides Above
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Sonos Reports Record Fiscal Year and Fourth Quarter 2021 Results
November 17, 2021 4:05 PM ESTIntroduces Fiscal 2022 Outlook; Ahead of Schedule Reaching Fiscal 2024 Targets
SANTA BARBARA, Calif.--(BUSINESS WIRE)-- Sonos, Inc. (Nasdaq: SONO) today reported fourth quarter and fiscal 2021 results.
Fiscal 2021 Financial Highlights (unaudited)
Revenue increased 29% to $1.717 billion; excluding the impact of the 53rd week in fiscal 2020, revenue increased approximately 32% Gross margin increased 410 basis points to 47.2%; excluding the effect of tariff duties and refunds, gross margin increased 130 basis points to a record of 46.9% GAAP net income increased to $158.6 million from a net loss of ($20.1) million last year; non-GAAP net... More