Sonos (NASDAQ: SONO), a leading sound experience brand, was featured in a recent LikeFolio analysis report that discussed its performance. The report, written by LikeFolio Founder Andy Swan, reads, “Data tipped us off last summer, as soon as an uptick in consumer demand was underway. We featured SONO in our Sounds of Summer MegaTrends Report, and shares have rallied more than 150% since then. Now our data suggests it may be time for a breather. After a noticeable COVID/home reno demand surge, SONO purchase intent mentions are falling: -61% YoY… Demand for Sonos upscale products (including its arc, sub and home-entertainment sets) continues to outperform other product categories, currently pacing: +7% YoY. But this is a slow down from the +21% recorded in the prior quarter.”
For more information, visit www.Sonos.com
About Sonos Inc.
Sonos is one of the world’s leading sound experience brands. As the inventor of multiroom wireless home audio, Sonos innovation helps the world listen better by giving people access to the content they love and allowing them to control it however they choose. Known for delivering an unparalleled sound experience, thoughtful home design aesthetic, simplicity of use and an open platform, Sonos makes the breadth of audio content available to anyone. Sonos is headquartered in Santa Barbara, California. Learn more at www.Sonos.com.
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