Sonos reports first quarter fiscal 2024 results

Santa barbara, calif.--(business wire)--sonos, inc. (nasdaq: sono) today reported first quarter fiscal 2024 results. first quarter fiscal 2024 financial highlights (unaudited) revenue decreased 8.9% year-over-year to $612.9 million; on a constant-currency basis, revenue decreased 10.5% year-over-year gross margin increased 374 basis points year-over-year to 46.1% gaap net income of $80.9 million compared to $75.2 million last year gaap diluted earnings per share (eps) of $0.64 compared to $0.57.
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