Sonos Results Presentation Deck

Strong Gross Margin Expansion Gross margin +140 bps Y/Y - key drivers: Lower promotional activity due to reduced product availability Product mix Partially offset by higher shipping and logistics costs, primarily air freight to drive greater product availability 40.5% Q1 20 46.4% Q1 21 47.8% Q1 22 Note: Unaudited. See appendix for reconciliation of GAAP to non-GAAP measures. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.

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