Leisure Products Stocks Q4 Results: Benchmarking Sonos (NASDAQ:SONO)
The end of an earnings season can be a great time to assess how companies are handling the current business environment and discover new stocks. Let’s take a look at how Sonos (NASDAQ:SONO) and the rest of the leisure products stocks fared in Q4.
Leisure products cover a wide range of goods in the consumer discretionary sector. Maintaining a strong brand is key to success, and those who differentiate themselves will enjoy customer loyalty and pricing power while those who don’t may find themselves in precarious positions due to the non-essential nature of their offerings.
The 18 leisure products stocks we track reported a weaker Q4; on average, revenues missed analyst consensus estimates by 0.7% while next quarter's revenue guidance was 7.6% below consensus. Stocks have been under pressure as inflation (despite slowing) makes their long-dated profits less valuable, but leisure products stocks held their ground better than others, with the share prices up 4.7% on average since the previous earnings results.
Sonos (NASDAQ:SONO)
A pioneer in connected home audio systems, Sonos (NASDAQ:SONO) offers a range of premium wireless speakers and sound systems.
Sonos reported revenues of $612.9 million, down 8.9% year on year, topping analyst expectations by 4.4%. It was a decent quarter for the company, with an impressive beat of analysts' earnings estimates and a solid beat of analysts' revenue estimates.
Sonos CEO Patrick Spence commented, “We are pleased to report first quarter revenue of $612.9 million and Adjusted EBITDA of $115.2 million. Despite the challenging environment, we are winning in the market and outperforming the competition.”
The stock is up 15.9% since the results and currently trades at $19.07.
Is now the time to buy Sonos? Access our full analysis of the earnings results here, it's free.
Best Q4: Smith & Wesson (NASDAQ:SWBI)
With a history dating back to 1852, Smith & Wesson (NASDAQ:SWBI) is a firearms manufacturer known for its handguns and rifles.
Smith & Wesson reported revenues of $137.5 million, up 6.5% year on year, outperforming analyst expectations by 2.9%. It was an exceptional quarter for the company, with an impressive beat of analysts' earnings estimates.
The stock is up 30.5% since the results and currently trades at $17.54.
Is now the time to buy Smith & Wesson? Access our full analysis of the earnings results here, it's free.
Slowest Q4: Brunswick (NYSE:BC)
Formerly known as Brunswick-Balke-Collender Company, Brunswick (NYSE: BC) is a designer and manufacturer of recreational marine products, including boats, engines, and marine parts.
Brunswick reported revenues of $1.36 billion, down 14% year on year, falling short of analyst expectations by 5.4%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.
The stock is up 15.4% since the results and currently trades at $92.99.
Read our full analysis of Brunswick's results here.
Snap One (NASDAQ:SNPO)
Founded to revolutionize the way people interact with their homes and offices, Snap One (NASDAQ:SNPO) is a provider of smart living technology, offering innovative home automation, audio-video, and security products.
Snap One reported revenues of $264.4 million, down 1.4% year on year, falling short of analyst expectations by 0.8%. It was a weak quarter for the company, with full-year revenue guidance missing analysts' expectations.
The stock is up 5.7% since the results and currently trades at $7.95.
Read our full, actionable report on Snap One here, it's free.
Peloton (NASDAQ:PTON)
Started as a Kickstarter campaign, Peloton (NASDAQ: PTON) is a fitness technology company known for its at-home exercise equipment and interactive online workout classes.
Peloton reported revenues of $743.6 million, down 6.2% year on year, surpassing analyst expectations by 1.3%. It was a slower quarter for the company, with revenue guidance for next quarter and full-year missing analysts' expectations.
The stock is down 24.6% since the results and currently trades at $4.2.
Read our full, actionable report on Peloton here, it's free.
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