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  "documentTitle": "Sonos | Results Presentation Deck | 33 slides",
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  "presentationDate": "2023-08-01 00:00:00",
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  "notes": "Includes a waterfall-like bridge element for the 3Q23 margin and a guidance projection.",
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      "text": "Gross margin performance 3Q21-3Q23 and FY23 guidance",
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      "text": "Gross margin declined -130bps y/y driven by: Lack of typical promotional activity in prior year period; Partially offset by favorable product mix and fewer spot component purchases; FX approximately +10bps tailwind y/y",
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