Sonos (SONO) Tops Q1 EPS by 10c, Updates Guidance
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Sonos Reports First Quarter Fiscal 2022 Results
February 9, 2022 4:05 PM ESTIncreases Midpoint of Fiscal 2022 Outlook and Remains On Track to Achieve Fiscal 2024 Targets
SANTA BARBARA, Calif.--(BUSINESS WIRE)-- Sonos, Inc. (Nasdaq: SONO) today reported first quarter fiscal 2022 results.
First Quarter 2022 Financial Highlights (unaudited)
Revenue increased 3% year-over-year to $664.5 million; on a constant-currency basis, revenue increased approximately 3.5% year-over-year Gross margin increased 140 basis points to 47.8% GAAP net income of $123.5 million compared to $132.3 million last year; non-GAAP net income excluding stock-based compensation, restructuring, and legal and transaction related fees of $144.8 million compared to $153.2... More