![Sonos FY24 Q1 results](https://www.strata-gee.com/wp-content/uploads/2024/02/SONOS-1Q24-Earnings-Cover-1024x576.jpg)
On Tuesday, Sonos, Inc. [Nasdaq: SONO] reported its first quarter, fiscal 2024 results for the period that ended December 30, 2023. While the actual numbers were a bit of a mixed bag with revenues down – even though the company embarked on a strong holiday promotional push – the company booked strong gross profit improvements and generated more cash beating Wall Street estimates. This resulted in a big jump in its share price on the next trading day.