Sonos losses double as COVID-19 retail closures mute speaker sales, stock drops 8%

Sonos Inc. fell short of expectations in the March quarter as COVID-19 outbreak forced the closure of physical stores toward the end of March and complicated inventory-rebalancing efforts at one of Sonos’ large retail partners.

Sonos Inc. fell short of expectations in the March quarter as COVID-19 outbreak forced the closure of physical stores toward the end of March and complicated inventory-rebalancing efforts at one of Sonos’ large retail partners.