Sonos announces $200M buyback program

Sonos “announced that its Board of Directors has authorized a common stock repurchase program of up to $200 million. Since September 2019, the company has completed $350 million in stock repurchases, including its most recent $100 million stock repurchase program which it completed in the fourth quarter of fiscal 2023. Under its most recently completed authorization, the company repurchased approximately 6.6 million shares at an average price of $15.25 per share, enabling the company to return capital to shareholders and offset dilution from compensation plans.”