Sonos plans to lift costs for a few of its merchandise later this 12 months due to tariff prices, the corporate mentioned in its third fiscal quarter earnings presentation [PDF].
Sonos manufactures its units in Vietnam and Malaysia, and the international locations are dealing with tariffs of 20 % and 19 %, respectively. Within the third fiscal quarter, tariffs price Sonos $2.1 million, and the corporate estimated that prices would improve to $5 million within the fourth fiscal quarter of 2025. Sonos mentioned that the estimate for 4Q 2025 displays the prior 10 % tariff price on in-transit stock that may arrive through the quarter, and future quarters “could differ.”
To reduce the impression of tariffs, Sonos says that it’ll elevate costs throughout its portfolio of merchandise. Sonos additionally plans to put money into diversifying its geographic footprint to drive development sooner or later.
Sonos didn’t define which merchandise will see worth hikes, however mentioned that the will increase will come later in 2025.
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