Sonos Sees FY23 Revenue $1.64B-$1.66B Vs $1.64B Est.
Portfolio Pulse from Happy Mohamed
Sonos has revised its fiscal 2023 outlook, expecting revenues between $1.64 billion and $1.66 billion, a decline of 6% to 5% from fiscal 2022. This is a slight increase from the previous outlook range of $1.625 billion to $1.675 billion. The company also adjusted its gross margin and EBITDA expectations.
August 09, 2023 | 8:23 pm
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Sonos has revised its FY23 outlook, expecting a decline in revenues compared to FY22. The company also adjusted its gross margin and EBITDA expectations.
Sonos' revised outlook indicates a decline in revenues, which could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price. The adjustments in gross margin and EBITDA further suggest potential financial challenges.
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