Sonos files for $40 million tariff refunds as revenue rises

13 articles · Updated · Bloomberg · May 4

The audio company said fiscal second-quarter revenue rose 8%, and shares gained after the disclosure on its earnings call.
Chief executive Tom Conrad said the timing of any refund is uncertain, even as the potential recovery could help offset higher memory costs.
The filing adds a possible cushion to Sonos's finances as component cost pressures persist despite improved quarterly sales.

Will Sonos's $40M tariff refund lower speaker prices or just boost its bottom line?

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