Sonos (SONO) Tops Q1 EPS by 41c

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Go back to Sonos (SONO) Tops Q1 EPS by 41c

Sonos Reports First Quarter Fiscal 2023 Results

February 8, 2023 4:05 PM EST

Delivers record Q1 revenue despite economic headwinds, maintains Fiscal 2023 outlook

SANTA BARBARA, Calif.--(BUSINESS WIRE)-- Sonos, Inc. (Nasdaq: SONO) today reported first quarter fiscal 2023 results.

First Quarter 2023 Financial Highlights (unaudited)

Revenue increased 1.2% year-over-year to $672.6 million; on a constant-currency basis, revenue increased approximately 7.0% year-over-year Gross margin decreased 540 basis points year-over-year to 42.4% GAAP net income of $75.2 million compared to $123.5 million last year GAAP diluted earnings per share (EPS) of $0.57 compared to $0.87 last year Non-GAAP net income1 of $103.4... More