NasdaqGS:SONOConsumer Durables
Did Sonos’ (SONO) Improved Results, Buybacks and New COO Just Shift Its Investment Narrative?
In the past quarter, Sonos, Inc. reported higher sales of US$281.53 million, a smaller net loss of US$28.89 million, and completed a US$85.18 million share repurchase program that retired 5,536,858 shares, while also appointing former Walmart executive Frank Barbieri as Chief Operating Officer.
These results point to improving profitability on a year-to-date basis, with Sonos moving from a net loss to net income over the first six months, while the new COO brings large-scale retail and...