{"id":368736,"date":"2021-11-18T04:52:00","date_gmt":"2021-11-18T01:52:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/earnings-results-sonos-gives-upbeat-earnings-outlook-despite-supply-challenges\/"},"modified":"2021-11-18T04:52:00","modified_gmt":"2021-11-18T01:52:00","slug":"earnings-results-sonos-gives-upbeat-earnings-outlook-despite-supply-challenges","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/earnings-results-sonos-gives-upbeat-earnings-outlook-despite-supply-challenges\/","title":{"rendered":"#Earnings Results: Sonos gives upbeat earnings outlook despite supply challenges"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3fd4097c09d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3fd4097c09d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/earnings-results-sonos-gives-upbeat-earnings-outlook-despite-supply-challenges\/#Speaker_company_expects_supply_crunch_will_impact_holiday_quarter_but_sees_pressures_easing_as_its_new_fiscal_year_progresses\" >Speaker company expects supply crunch will impact holiday quarter, but sees pressures easing as its new fiscal year progresses<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/earnings-results-sonos-gives-upbeat-earnings-outlook-despite-supply-challenges\/#Emily_Bary\" >Emily Bary<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Earnings Results: Sonos gives upbeat earnings outlook despite supply challenges<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Speaker_company_expects_supply_crunch_will_impact_holiday_quarter_but_sees_pressures_easing_as_its_new_fiscal_year_progresses\"><\/span>\n  Speaker company expects supply crunch will impact holiday quarter, but sees pressures easing as its new fiscal year progresses<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\" role=\"region\" aria-label=\"article body\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000490667\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000490667\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Sonos Inc. met sales expectations for its most recent quarter while issuing an upbeat outlook for its new fiscal year as the maker of smart audio equipment continues to face supply-chain impacts but expects the pressures to ease as 2022 progresses.<\/p>\n<p> The speaker manufacturer saw fiscal-fourth quarter revenue rise to $359.5 million from $339.8 million, while analysts surveyed by FactSet were looking for $360 million.<\/p>\n<div class=\"paywall\">\n       Shares rose 2% in after-hours trading after the report was released.<\/p>\n<p>While Sonos<br \/>\n        SONO,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200589226\/composite\" class=\"negative\">-3.15%<\/bg-quote><br \/>\n       continues to see \u201cextremely robust\u201d demand for its products, Chief Executive Patrick Spence told MarketWatch that the company is feeling the impact of the global supply crunch. <\/p>\n<p>Component costs are up, especially for the most constrained elements, which are mainly in the semiconductor space, Chief Financial Officer Brittany Bagley continued. The company has incurred increases in shipping and logistics charges as it relies more on air freight than it would otherwise. <\/p>\n<p>The company posted a fiscal fourth-quarter net loss of $8.7 million, or 7 cents a share, whereas it recorded net income of $18.4 million, or 15 cents a share, in the year-earlier quarter. After adjusting for stock-based compensation, restructuring charges and other expenses, Sonos earned 8 cents a share, down from 33 cents a year earlier. The FactSet consensus called for 10 cents a share, based on estimates from four analysts. <\/p>\n<p>Sonos recorded $17.1 million in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda), which is a non-GAAP metric. Analysts tracked by FactSet were expecting $16 million. <\/p>\n<p>For the company\u2019s new fiscal year that just began, Sonos anticipates revenue of $1.925 billion to $2.0 billion and adjusted Ebitda of $280 million to $325 million. Analysts tracked by FactSet were modeling $1.86 billion in revenue and $285 million in adjusted Ebitda. <\/p>\n<p>The full-year revenue forecast exceeded consensus expectations, but Sonos expects that it could face difficulties in the holiday quarter due to supply-chain issues. \u201cIt could be challenging for us to grow\u201d in the fiscal first quarter, Sonos\u2019 holiday quarter, Bagley told MarketWatch. \u201cFrom a supply standpoint, it\u2019s still pretty tough out there in terms of components and logistics.\u201d<\/p>\n<p>Spence sees the supply situation progressing as the fiscal year goes on, and he\u2019s upbeat about the broader demand trends that Sonos is seeing in its business. The company has a \u201chealthy backlog right now\u201d and consumers seem interested in portable products like the Roam and Move speakers now that they\u2019re doing more outside their homes. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>The Roam speaker, which launched in April, first caught on with existing Sonos customers but now has generated interest from new customers given the product\u2019s portability and lower price point. Overall, Spence pointed to a \u201cflywheel\u201d in Sonos\u2019 business as he expects the company will continue getting current customers to add additional Sonos products to their home systems.<\/p>\n<p>Sonos also announced a new stock-buyback program of up to $150 million. Under its prior repurchase programs, it bought back $100 million in stock, or 5.2 million shares, at an average price of $19.30 apiece. <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Emily Bary\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/marketwatch.com\/author\/emily-bary\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/emilybary\",\"text\":\"@emilybary\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:ebary@marketwatch.com\",\"text\":\"ebary@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n                <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/marketwatch.com\/author\/emily-bary\" aria-label=\"Emily Bary author page\"><\/p>\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Emily_Bary\"><\/span>Emily Bary<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><\/a>\n          <\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-777C-AB9F601E75EC%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Earnings Results: Sonos gives upbeat earnings outlook despite supply challenges&#8221; Speaker company expects supply crunch will impact holiday quarter, but sees pressures easing as its new fiscal year progresses Sonos Inc. met sales expectations for its most recent quarter while issuing an upbeat outlook for its new fiscal year as the maker of smart audio&#8230;<\/p>\n","protected":false},"author":1,"featured_media":368737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-337496\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-368736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=368736"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/368736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/368737"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=368736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=368736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=368736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}