SONO Earnings Prediction
The chart below shows how SONO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SONO sees a +2.28% change in stock price 10 days leading up to the earnings, and a -2.05% change 10 days following the report. On the earnings day itself, the stock moves by -1.94%. This data can give you a slight idea of what to expect for the next quarter's release.
SONO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
255.38M
-16.31%
-35.70%
Gross Margin
40.34%
-3.86%
-16.39%
Operating Margin
-23.18%
183.72%
-716.49%
Net Margin
-20.79%
103.03%
-2335.48%
EPS
-0.44
-76.00%
-1566.67%
No Data Available
SONO Earnings Analysis
Sonos, Inc. Common Stock Corporation (SONO.O) Earnings Conference Call
Positive
Revenue Performance Analysis: Fiscal 2024 revenues were $1.52 billion, in-line with our revised expectations as referenced in the last earnings call, we estimate the challenges associated with our app launch adversely affected our revenue by at least $100 million.
Net Cash Position: We ended the year with $221 million of net cash, which includes $51 million of marketable securities as we hold some excess cash in short duration treasury bill.
Free Cash Flow Increase: Free cash flow was $135 million, an increase of $85 million from fiscal 2023.
Shareholder Return Strategy: We returned $129 million to shareholders through repurchases and have $71 million remaining under our current $200 million of share repurchase authorization.
Q1 Revenue Expectations: We expect Q1 revenue in the range of $480 million to $560 million, sequential increase of 88% to 119%.
Negative
Revenue Performance Analysis: Fiscal 2024 revenues were $1.52 billion, in-line with our revised expectations as referenced in the last earnings call, we estimate the challenges associated with our app launch adversely affected our revenue by at least $100 million.
Regional Revenue Decline: Revenue in Americas and APAC declined 4% to 7% year-over-year respectively, whereas EMEA declined 17%.
EMEA Performance Challenges: Our EMEA results continue to be significantly impacted by the difficult macroeconomic environment.
Retail Revenue Decline: On a channel basis, retail and other revenue declined 8% and was 55% of our sales combined.
DTC Sales Decline: DTC was down 12% and was 23% of sales.
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SONO Earning Call Sentiment
Sonos, Inc. (SONO) Q4 2024 Earnings Call Transcript
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SONO.O
-0.49%Positive
The earnings call summary indicates several negative factors: declining revenues across regions, challenges in operational efficiency, and a significant revenue impact due to app launch issues. Despite a slight increase in gross margin, the adjusted EBITDA declined, and Q4 ended with a negative EBITDA. Additionally, the Q&A reveals concerns about the app's impact on sales and unclear management responses. Although there are some positives, like share repurchases and improved inventory management, the overall sentiment is negative, suggesting a potential stock price decline of -2% to -8% over the next two weeks.