Sonos Results Presentation Deck slide image

Sonos Results Presentation Deck

Normalization of Inventory Balances Finished goods % y/y % q/q Components % y/y % q/q Inventories % y/y % q/q 1Q22 145,492 84% (6%) 59,670 564% 95% 205,162 133% 11% Note: $ in millions (unless noted), unaudited. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely. 4Q22 406,657 163% 57% 47,631 56% (38%) 454,288 145% 35% 1Q23 260,734 79% (36%) 45,322 (24%) (5%) 306,056 49% (33%) As discussed on our 4Q22 call, we exited 1Q23 with a more normal inventory position, with total inventory balances down -33% q/q O Sequential decline in total inventories due to due to strong sales performance in 1Q23 Finished goods inventory declined by $146M q/q, -36% Components balance remains elevated relative to historical levels due to lead time between lower run-rate demand observed in 2H22 and resulting adjustments made to sourcing plan 8
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