Sovos Brands: Q3 Earnings Insights

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Sovos Brands SOVO reported its Q3 earnings results on Wednesday, November 8, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Sovos Brands beat estimated earnings by 33.33%, reporting an EPS of $0.2 versus an estimate of $0.15.

Revenue was up $49.04 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 0.18% drop in the share price the next day.

Here's a look at Sovos Brands's past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate 0.13 0.15 0.16 0.13
EPS Actual 0.17 0.18 0.19 0.14
Revenue Estimate 213.51M 233.59M 231.50M 199.64M
Revenue Actual 217.63M 252.79M 262.10M 208.91M

To track all earnings releases for Sovos Brands visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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