Sonos (SONO) Tops Q4 EPS by 11c
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Sonos Reports Fourth Quarter and Fiscal 2022 Results
November 16, 2022 4:05 PM ESTEddie Lazarus Appointed Chief Financial Officer
SANTA BARBARA, Calif.--(BUSINESS WIRE)-- Sonos, Inc. (Nasdaq: SONO) today reported fourth quarter and fiscal 2022 results.
Fiscal 2022 Financial Highlights (unaudited)
Revenue increased 2.1% year-over-year to $1,752.3 million; on a constant-currency basis, revenue increased approximately 4.9% year-over-year Gross margin decreased (180) basis points year-over-year to 45.4% GAAP net income of $67.4 million compared to $158.6 million last year GAAP diluted earnings per share (EPS) of $0.49 compared to $1.13 last year Non-GAAP net income1 of $165.9 million compared to $248.3... More