Sonos narrows FY23 revenue to $1.64B-$1.66B from $1.625B-$1.675B

Consensus $1.64B. Sees FY23 Gross margin in the range of 44.0% to 44.2%, compared to prior outlook range of 44.3% to 44.8%, Adjusted EBITDA in the range of $148 million to $158 million, compared to prior outlook range of $138 million to $168 million, Adjusted EBITDA margin of 9.0% to 9.5%, compared to prior outlook range of 8.5% to 10%.