Sonos, Inc. is a leading audio company that specializes in the development and manufacturing of wireless sound systems and smart speakers
The company is recognized for its innovative approach to home audio, providing a seamless listening experience that integrates music streaming and home entertainment. Sonos products are designed for ease of use and high-quality sound, enabling customers to create customized audio environments throughout their homes. Additionally, Sonos emphasizes compatibility with various music services and smart home technology, making it a popular choice for tech-savvy consumers seeking enhanced audio experiences.
Most consumer discretionary businesses succeed or fail based on the broader economy. This sensitive demand profile can cause discretionary stocks to plummet when macro uncertainty enters the fray,
and over the past six months, the industry has shed 4.9%. This drawdown was discouraging since the S&P 500 held steady.
Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street.
Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.
Sonos, Inc. (Nasdaq: SONO) today announced that its Board of Directors has authorized a common stock repurchase program of up to $150 million. The $11 million remaining under the company’s existing $200 million repurchase program expired upon approval of the new authorization.
Sonos, Inc. (Nasdaq: SONO) today announced that Tom Conrad, Interim Chief Executive Officer, and Saori Casey, Chief Financial Officer, will participate in a fireside chat with Morgan Stanley analyst Erik Woodring at the Morgan Stanley Technology, Media & Telecom Conference on Monday, Mar. 3. The fireside chat will begin at 4:50 pm Pacific. A live webcast and replay of the fireside chat will be accessible in the News & Events section of the Sonos investor relations website: https://investors.sonos.com/news-and-events/default.aspx#section=events-and-presentations.
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As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the consumer electronics industry, including Sonos (NASDAQ:SONO) and its peers.
Sonos reported mixed first-quarter fiscal 2025 results, with revenue and earnings per share beating expectations despite revenue falling year over year.
Audio technology Sonos company (NASDAQ:SONO) announced better-than-expected revenue in Q4 CY2024, but sales fell by 10.1% year on year to $550.9 million. Its non-GAAP profit of $0.64 per share was significantly above analysts’ consensus estimates.
Sonos announces a 12% workforce reduction as part of its restructuring plan aimed at improving operational efficiency. The company estimates restructuring costs of $15 million to $18 million.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Sonos (NASDAQ:SONO) and the rest of the consumer electronics stocks fared in Q3.
