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Complete financial analysis of Sovos Brands, Inc. (SOVO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Sovos Brands, Inc., a leading company in the Packaged Foods industry within the Consumer Defensive sector.
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Sovos Brands, Inc. (SOVO)
About Sovos Brands, Inc.
Sovos Brands, Inc., through its subsidiaries, manufactures and distributes consumer food products in the United States. The company operates in two segments, Dinners & Sauces, and Breakfast & Snacks. It provides pasta sauces, dry pasta, soups, frozen entrees, yogurts, pancake and waffle mixes, other baking mixes, and frozen waffles under the Rao's, Michael Angelo's, noosa, and Birch Benders brands. The company sells its products principally to retail outlets and wholesale distributors, including traditional supermarkets, mass merchants, warehouse clubs, wholesalers, specialty food distributors, military commissaries, and non-food outlets, such as drug store chains, dollar stores, and e-commerce retailers. Sovos Brands, Inc. was founded in 1983 and is headquartered in Louisville, Colorado.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 1.02B | 878.37M | 719.19M | 560.07M | 388.00M |
| Cost of Revenue | 738.86M | 631.71M | 498.39M | 373.31M | 275.39M |
| Gross Profit | 281.56M | 246.67M | 220.79M | 186.75M | 112.62M |
| Gross Profit Ratio | 27.59% | 28.08% | 30.70% | 33.34% | 29.02% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 122.33M | 96.16M | 85.71M | 65.68M |
| Selling & Marketing | 0.00 | 40.70M | 38.90M | 38.90M | 28.80M |
| SG&A | 186.49M | 163.03M | 135.06M | 124.61M | 94.48M |
| Other Expenses | 24.08M | 28.79M | 28.87M | 24.74M | 23.77M |
| Operating Expenses | 186.49M | 191.81M | 163.93M | 149.36M | 118.25M |
| Cost & Expenses | 925.36M | 823.52M | 662.33M | 522.67M | 393.64M |
| Interest Income | 8.50M | 27.85M | 30.89M | 19.90M | 22.98M |
| Interest Expense | 40.50M | 27.85M | 30.89M | 19.90M | 22.98M |
| Depreciation & Amortization | 33.95M | 38.87M | 37.81M | 33.80M | 33.06M |
| EBITDA | 129.02M | 93.72M | 94.67M | 71.19M | 27.42M |
| EBITDA Ratio | 12.64% | 10.67% | 13.16% | 12.71% | 7.07% |
| Operating Income | 95.07M | 54.86M | 56.86M | 37.40M | -5.63M |
| Operating Income Ratio | 9.32% | 6.25% | 7.91% | 6.68% | -1.45% |
| Total Other Income/Expenses | -48.58M | -121.19M | -30.89M | -19.90M | -45.56M |
| Income Before Tax | 46.49M | -66.34M | 5.59M | 17.50M | -45.77M |
| Income Before Tax Ratio | 4.56% | -7.55% | 0.78% | 3.12% | -11.80% |
| Income Tax Expense | 16.31M | -12.89M | 3.68M | 6.68M | -18.63M |
| Net Income | 30.17M | -53.45M | 1.92M | 10.83M | -27.15M |
| Net Income Ratio | 2.96% | -6.09% | 0.27% | 1.93% | -7.00% |
| EPS | 0.30 | -0.53 | 0.02 | 0.11 | -0.28 |
| EPS Diluted | 0.29 | -0.53 | 0.02 | 0.11 | -0.28 |
| Weighted Avg Shares Out | 101.30M | 100.85M | 80.62M | 97.39M | 97.39M |
| Weighted Avg Shares Out (Dil) | 103.14M | 100.92M | 80.62M | 97.39M | 97.39M |
Why Sovos Brands Stock Is Soaring Today
Campbell Upgrades Its Sauce Game
Shareholder Alert: Ademi LLP investigates whether Sovos Brands, Inc. has obtained a Fair Price in its transaction with Campbell Soup
SOVO Stock Alert: Campbell Soup Is Buying Sovos Brands for $2.7 Billion
Sovos Brands, Inc. (SOVO) Beats Q2 Earnings and Revenue Estimates
SOVO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Sovos Brands, Inc. Is Fair to Shareholders
Campbell Soup to acquire Rao's parent Sovos Brands in cash deal valued at about $2.7 billion
Sovos Brands Reports Second Quarter 2023 Financial Results
Campbell to Acquire Sovos Brands, Leader in High-Growth Premium Italian Sauces
3 Natural Food Stocks to Watch on Thriving Demand, Innovation
Source: https://incomestatements.info
Category: Stock Reports