3 Reasons Sonos Will Survive the Next Recession
Sonos (NASDAQ: SONO) wrapped up its 2019 fiscal year in fine fashion on Wednesday. Revenue rose 8% in the wireless audio systems pioneer's fiscal fourth quarter. This may not seem all that scintillating, but it follows a nearly 28% top-line surge a year earlier. The prior year's fiscal fourth quarter was going to be a hard act to follow, as it was when Sonos introduced its Beam soundbar, a big-ticket home theater accessory that helped it deliver its headiest top-line growth as a public company.
One can argue that Sonos isn't built to thrive in a souring economy. Its wireless speakers aren't necessarily cheap, and cutthroat competition will get even more desperate when money gets tight. However, there are a few things that should serve Sonos well as it prepare for the next recession. Let's see why Sonos stock isn't joined at the hip with the presently buoyant economy.
Image source: Sonos.
Source Fool.com
