Sonos, Inc. (SONO) , in collaboration with Sporty & Rich, has launched Sonos Ace x Sporty & Rich Limited Edition headphones. These headphones are exclusively available for $449 on the Sporty & Rich website and at their NYC flagship location. During the peak of the tenniscore trend, major tennis tournaments have evolved into cultural events where celebrities and influencers showcase the latest fashion, a shift fully embraced by luxury brands. Emily Oberg, founder of Sporty & Rich, was seen incorporating Sono ...

Sonos has laid off 100 employees, 14 months after reducing its 1,800 headcount by 7%. The home audio company confirmed the news with TechCrunch, following an initial report by The Verge. "We made the difficult decision to say goodbye to approximately 100 team members representing 6% of the company. This action was a difficult, but necessary, measure to ensure continued, meaningful investment in Sonos' product roadmap while setting Sonos up for long-term success," CEO Patrick Spence notes in a statement prov ...

- 11 11 I T I i P 1 1 I l 11 T I Lukasz Kochanek Amid plenty of pessimism this year, shares of Sonos (NASDAQ:SONO) have continued a relentless year-long tumble, and declines steepened after the premium audio company reported fiscal Q3 (June quarter) results. Q3 was supposed to feature the success of Sonos' new headphone product, Ace: but instead, the results were overshadowed by a guidance cut, prompted by severe glitches in the new and redesigned Sonos app. Year to date, shares of Sonos are now down nearly ...

Key Takeaways Sonos lowered its outlook and delayed two product launches as it worked to fix a bug in its new app. The company said it had to put its full attention on repairing the app problem, which has led to problems for some customers of its audio products. The news overshadowed the firm's better-than-expected fiscal third-quarter results. Sonos (SONO) shares slumped on Thursday, a day after the maker of headphones and home sound systems cut its guidance and delayed two hardware releases as it races to ...

Sonos, Inc. (SONO) reported third-quarter fiscal 2024 non-GAAP earnings per share of 23 cents. It had registered earnings per share of 16 cents in the prior-year quarter. On a GAAP basis, the company reported earnings of 3 cents against a loss of 18 cents in the year-ago quarter. The Zacks Consensus Estimate was pegged at 19 cents. Quarterly revenues increased 6% year over year to $397.1 million, primarily benefiting from the launch of SONO's first over-the-ear Bluetooth headphone, Sonos Ace, earlier this q ...

Sonos, Inc. (NASDAQ:SONO) Q3 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Corporate Participants James Baglanis - Head-Investor Relations Patrick Spence - Chief Executive Officer Saori Casey - Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James Steve Frankel - Rosenblatt Rayyana Matraji - Jefferies Erik Woodring - Morgan Stanley Operator Thank you for standing by. My name is Dale, and I will be your conference operator today. At this time, I would like to welcome ever ...

For the quarter ended June 2024, Sonos (SONO) reported revenue of $397.15 million, up 6.4% over the same period last year. EPS came in at $0.23, compared to $0.16 in the year-ago quarter. The reported revenue represents a surprise of +0.97% over the Zacks Consensus Estimate of $393.32 million. With the consensus EPS estimate being $0.19, the EPS surprise was +21.05%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their n ...

Sonos (SONO) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 21.05%. A quarter ago, it was expected that this maker of wireless speakers and home sound systems would post a loss of $0.27 per share when it actually produced a loss of $0.34, delivering a surprise of -25.93%. Over the la ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________ FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 29, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38603 ______________________________________________ ...

Exhibit 99.1 Sonos Reports Third Quarter Fiscal 2024 Results Santa Barbara, CA – August 7, 2024 - Sonos, Inc. (Nasdaq: SONO) today reported third quarter fiscal 2024 results. "Thanks to Ace, our long-awaited entry into headphones, we reported year over year revenue growth and delivered results that slightly exceeded our expectations in our third quarter," Sonos CEO Patrick Spence commented. "This was overshadowed by the problems that our customers and partners experienced as a result of the rollout of our n ...