Sonos Seeks $40 Million in Tariff Refunds and Revenue Jumps 8%
Sonos speakers inside the design studio at the Sonos headquarters in Goleta, California.
Photographer: Kyle Grillot/BloombergSonos Inc. shares climbed after reporting revenue that jumped 8% and said that it is filing for tariff refunds totaling $40 million that could help counterbalance rising memory costs.
The company made the refund disclosure during its fiscal second quarter earnings call, though CEO Tom Conrad said the timing of when the refund would be received is “uncertain.”