The future plans of Sonos go beyond a streaming set-top box and a smart speaker, with a roadmap for the next two years pointing to a lot of new premium products that are allegedly on the way.
SANTA BARBARA, Calif., November 30, 2023--Today, Sonos (NASDAQ: SONO) released its annual Listen Better Report, offering a comprehensive overview of the company’s Environmental, Social, and Governance (ESG) efforts. Included in the Report are actions made against Sonos’ Climate Action Plan, introduced in 2021, which serves as a framework to drive the company to carbon neutrality by 2030 and net zero by 2040.
Consumer electronics retailer Best Buy (NYSE: BBY) and home audio specialist Sonos (NASDAQ: SONO) are two great examples. In fiscal 2022, which ended in January 2022, comparable sales jumped 10.4% on top of a 9.7% increase in the previous year. The hangover from that buying binge is now hitting Best Buy hard, and a tough economy isn't helping, either.