Sonos, Inc. (NASDAQ:SONO) Q2 2024 Earnings Call Transcript

Saori Casey: Yeah, we continue to look at promotion very thoughtfully. Clearly, our goal is to drive for more profitable profit dollars, not just revenue. So certainly, certain markets are very, has become very promotional and highly competitive and we’re continuing to keep our pulse on the dynamic of the business to make sure we can grow profit to the bottom line.

Brent Thill: Great. Thanks.

Patrick Spence: Thanks Brent.

Operator: [Operator Instructions] All right. It appears there are no further questions, so I will now hand it back to CEO, Patrick Spence, for closing remarks. Patrick, the floor is yours.

Patrick Spence: Thank you. I just want to hit two quick things in closing. First, we did what we set out to do in the first half of the fiscal year and this puts us in a great position to deliver on our fiscal 2024 guidance. Second, we are on the cusp of an exciting launch that takes us into a new multi-billion dollar category that is growing. We look forward to sharing this new product with the world soon. And of course, there’s a lot more in the pipeline that we’re excited about. Thanks for your time today and we look forward to speaking with you again next quarter. Take care.

Operator: Thank you, Patrick. And thank you all for joining. You may now disconnect.