Sovos Brands Inc
NASDAQ:SOVO
Income Statement
Earnings Waterfall
Sovos Brands Inc
Revenue
|
1B
USD
|
Cost of Revenue
|
-714.9m
USD
|
Gross Profit
|
305.5m
USD
|
Operating Expenses
|
-224.9m
USD
|
Operating Income
|
80.6m
USD
|
Other Expenses
|
-50.4m
USD
|
Net Income
|
30.2m
USD
|
Income Statement
Sovos Brands Inc
Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||
Revenue |
463
N/A
|
504
+9%
|
560
+11%
|
629
+12%
|
650
+3%
|
692
+6%
|
719
+4%
|
740
+3%
|
775
+5%
|
805
+4%
|
878
+9%
|
921
+5%
|
941
+2%
|
990
+5%
|
1 020
+3%
|
|
Gross Profit | ||||||||||||||||
Cost of Revenue |
(317)
|
(340)
|
(373)
|
(418)
|
(438)
|
(476)
|
(498)
|
(527)
|
(557)
|
(575)
|
(632)
|
(658)
|
(662)
|
(697)
|
(715)
|
|
Gross Profit |
146
N/A
|
164
+12%
|
187
+14%
|
211
+13%
|
212
+0%
|
216
+2%
|
221
+2%
|
213
-4%
|
219
+2%
|
230
+5%
|
247
+7%
|
264
+7%
|
279
+6%
|
294
+5%
|
305
+4%
|
|
Operating Income | ||||||||||||||||
Operating Expenses |
(127)
|
(135)
|
(140)
|
(160)
|
(162)
|
(161)
|
(164)
|
(164)
|
(176)
|
(189)
|
(192)
|
(200)
|
(205)
|
(218)
|
(225)
|
|
Selling, General & Administrative |
(100)
|
(109)
|
(92)
|
(134)
|
(135)
|
(132)
|
(108)
|
(135)
|
(148)
|
(160)
|
(129)
|
(172)
|
(179)
|
(193)
|
(169)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(9)
|
|
Depreciation & Amortization |
(26)
|
(26)
|
(48)
|
(26)
|
(27)
|
(28)
|
(56)
|
(29)
|
(29)
|
(29)
|
(56)
|
(28)
|
(26)
|
(25)
|
(46)
|
|
Operating Income |
20
N/A
|
29
+45%
|
47
+65%
|
51
+8%
|
50
-2%
|
55
+11%
|
57
+4%
|
49
-14%
|
42
-15%
|
41
-3%
|
55
+34%
|
64
+16%
|
74
+16%
|
76
+2%
|
81
+7%
|
|
Pre-Tax Income | ||||||||||||||||
Interest Income Expense |
(22)
|
(21)
|
(20)
|
(20)
|
(21)
|
(30)
|
(31)
|
(32)
|
(31)
|
(25)
|
(28)
|
(31)
|
(34)
|
(35)
|
(34)
|
|
Non-Reccuring Items |
(17)
|
(17)
|
(10)
|
0
|
(10)
|
(10)
|
(21)
|
(21)
|
(54)
|
(53)
|
(93)
|
(94)
|
(53)
|
(53)
|
0
|
|
Pre-Tax Income |
(19)
N/A
|
(9)
+53%
|
18
N/A
|
31
+74%
|
19
-39%
|
16
-17%
|
6
-64%
|
(3)
N/A
|
(42)
-1 138%
|
(37)
+12%
|
(66)
-79%
|
(60)
+9%
|
(13)
+79%
|
(13)
-5%
|
46
N/A
|
|
Net Income | ||||||||||||||||
Tax Provision |
12
|
11
|
(7)
|
(10)
|
(7)
|
(10)
|
(4)
|
(2)
|
7
|
8
|
13
|
11
|
(1)
|
(1)
|
(16)
|
|
Income from Continuing Operations |
(7)
|
2
|
11
|
21
|
12
|
5
|
2
|
(6)
|
(35)
|
(29)
|
(54)
|
(50)
|
(14)
|
(14)
|
30
|
|
Net Income (Common) |
(7)
N/A
|
2
N/A
|
11
+468%
|
21
+92%
|
12
-42%
|
5
-56%
|
2
-64%
|
(6)
N/A
|
(35)
-518%
|
(29)
+18%
|
(54)
-88%
|
(50)
+7%
|
(14)
+72%
|
(14)
-1%
|
30
N/A
|
|
EPS (Diluted) |
-0.08
N/A
|
0.01
N/A
|
0.11
+1 000%
|
0.21
+91%
|
0.13
-38%
|
0.06
-54%
|
0.02
-67%
|
-0.06
N/A
|
-0.35
-483%
|
-0.29
+17%
|
-0.53
-83%
|
-0.49
+8%
|
-0.14
+71%
|
-0.14
N/A
|
0.29
N/A
|