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  "documentTitle": "Sonos | Results Presentation Deck | 19 slides",
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  "presentationDate": "2022-08-01 00:00:00",
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  "notes": "The slide explains the drivers behind the margin expansion, specifically citing pricing power vs. component costs.",
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      "text": "Gross margin percentages for 3Q20 (44.0%), 3Q21 (47.0%), and 3Q22 (47.3%)",
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      "text": "Note: Unaudited. See appendix for reconciliation of GAAP to non-GAAP measures. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.",
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      "text": "Higher selling prices\nPartially offset by higher cost of components\nGross Margin expanded 250 bps QoQ due to timing of expenses related to higher component costs",
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