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Sonos, Inc. - SONO STOCK NEWS

Welcome to our dedicated page for Sonos news (Ticker: SONO), a resource for investors and traders seeking the latest updates and insights on Sonos stock.

Sonos, Inc. (NASDAQ: SONO) is a leading innovator in home audio systems, revolutionizing the way people listen to music since its inception in 2002. The company's vision is to fill every home with music and make the listening experience truly valuable. Sonos offers a comprehensive range of products, including speaker sets, mounts, stands, cables, and networking accessories, ensuring high-quality sound in every room.

Operating in more than 60 countries and available in seven languages, Sonos has a global footprint with significant market presence in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The majority of its revenue is generated from the Americas. The company's products are available through thousands of retailers worldwide, making it easy for customers to access and enjoy high-fidelity audio.

Sonos continually invests in research and development to innovate and enhance the user experience. Recent achievements include the introduction of new hardware and software solutions designed to improve sound quality and user interface. These advancements enable users to discover new music and enjoy their favorite songs with superior audio performance.

With a commitment to excellence, Sonos partners with other technology and music industry leaders to bring cutting-edge features and integrations to its products. This dedication to quality and innovation has cemented Sonos's reputation as a pioneer in the home audio market.

For investors, Sonos presents a compelling opportunity to invest in a company that not only has a robust product lineup but also a clear vision for the future of home audio technology.

News

Sonos Announces Date for First Quarter Fiscal 2024 Financial Results and Conference Call

Rhea-AI Summary
Sonos, Inc. (Nasdaq: SONO) will report financial results for the first quarter ended December 30, 2023, after market close on Tuesday, February 6, 2024. The company will issue a press release and accompanying slide presentation accessible at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports. A conference call and Q&A to discuss the results will be held on the same day at 5:00 p.m. Eastern Time, with a live webcast accessible at https://investors.sonos.com/news-and-events/default.aspx. A replay of the webcast and transcript will be available through the same link following the conference call. The live conference call may also be accessed toll-free by dialing 1 (888) 330-2454 with conference ID 8641747.
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Saori Casey to Join Sonos as Chief Financial Officer

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Sonos, Inc. (Nasdaq: SONO) announced the appointment of Saori Casey as the new Chief Financial Officer, effective January 22, 2024. She brings over 30 years of corporate finance experience, with nearly 13 years at Apple and 15 years at Cisco. Current CFO Eddie Lazarus will assume the role of Chief Legal and Strategy Officer. The company's CEO, Patrick Spence, expressed excitement about Saori's appointment and the recent executive leadership team appointments, aiming to position Sonos as the world's leading sound experience company.
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Sonos Reports Progress Made Against Climate Action Plan, Showcases Commitment to Product Longevity and Sustainability

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Sonos (NASDAQ: SONO) released its 2023 Listen Better Report, focusing on sustainability, social impact, and diversity, equity, and inclusion. The report outlines the company's Climate Action Plan, commitment to carbon neutrality and net zero by 2040, responsible product design, sustainable packaging, and philanthropic efforts. Sonos also emphasizes privacy and advances in diversity, equity, and inclusion initiatives.
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Sonos Announces Participation in Raymond James TMT and Consumer Conference

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Sonos, Inc. (SONO) CEO Patrick Spence and CFO Eddie Lazarus will participate in the Raymond James TMT and Consumer Conference on Dec. 4. Patrick will join the Innovation in Consumer Technology panel discussion with Arlo's CEO. A live webcast and replay of the fireside chat will be available on Sonos' and Arlo's Investor Relations websites.
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Sonos Announces $200 Million Stock Repurchase Program and Completion of Previous Stock Repurchase Program

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Sonos, Inc. (Nasdaq: SONO) has announced a $200 million common stock repurchase program, following the completion of $350 million in stock repurchases since September 2019. The company repurchased approximately 6.6 million shares at an average price of $15.25 per share, aiming to return capital to shareholders and offset dilution from compensation plans. The program allows for discretionary purchases through various means, with no specified time limit, number of shares, and potential for modification, suspension, or discontinuation at the company’s discretion. Repurchases will be funded from existing cash or future cash flow.
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Sonos Reports Fourth Quarter and Fiscal 2023 Results

Rhea-AI Summary
Sonos, Inc. (NASDAQ: SONO) reported a 5.5% year-over-year revenue decrease to $1,655.3 million in fiscal 2023. Gross margin decreased 220 basis points. GAAP net loss was $10.3 million, and non-GAAP net income was $121.4 million. In the fourth quarter, revenue decreased 3.5% to $305.1 million, with a gross margin increase of 270 basis points. Sonos CEO Patrick Spence expressed confidence in the company's market share and product portfolio, emphasizing a focus on returning to growth in Fiscal 2024 and entering a new product cycle.
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Sonos Announces Date for Fourth Quarter and Fiscal 2023 Financial Results and Conference Call

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Sonos, Inc. will report financial results for Q4 and fiscal year 2023 on November 15, 2023. A conference call and Q&A will be held to discuss the results.
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Preparing for the opportunity ahead, Sonos bolsters Leadership Team

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Sonos introduces new members to its executive management team, including Deirdre Findlay as Chief Commercial Officer, Dunja LaRosa as Chief Revenue Officer, and Maxime Bouvat-Merlin as Chief Product Officer.
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Patrick Spence Joins Snap Inc. Board of Directors

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Patrick Spence appointed to Snap's board of directors
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Sonos Introduces Move 2, Revamped Inside and Out to Deliver Heart-Pumping Stereo Sound

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Sonos debuts Move 2, the next generation portable speaker with stereo sound and sustainable design
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FAQ

What is the current stock price of Sonos (SONO)?

The current stock price of Sonos (SONO) is $14.56 as of December 20, 2024.

What is the market cap of Sonos (SONO)?

The market cap of Sonos (SONO) is approximately 1.8B.

What does Sonos, Inc. do?

Sonos, Inc. provides innovative home audio systems, including speakers, mounts, stands, cables, and networking accessories.

In which regions does Sonos operate?

Sonos operates globally in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Where does Sonos generate most of its revenue?

The majority of Sonos's revenue comes from the Americas.

How many countries is Sonos available in?

Sonos products are available in more than 60 countries.

What makes Sonos products unique?

Sonos products offer high-fidelity audio and an enhanced user experience through continuous innovation and quality.

What languages are Sonos products available in?

Sonos products are available in seven languages.

What recent achievements has Sonos made?

Sonos has introduced new hardware and software solutions that enhance sound quality and user experience.

Who are some of Sonos's partners?

Sonos collaborates with various technology and music industry leaders to integrate new features into its products.

What is the vision of Sonos, Inc.?

Sonos aims to fill every home with music, making the listening experience valuable and enjoyable with high-quality sound.

How can I purchase Sonos products?

Sonos products are available through thousands of retailers worldwide.

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Sonos, Inc.

Nasdaq:SONO

SONO Rankings

#2046 Ranked by Market Cap
N/A Ranked by Dividends

SONO Stock Data

1.77B
119.34M
1.94%
91.78%
7.16%
Consumer Electronics
Household Audio & Video Equipment
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United States of America
SANTA BARBARA