Sovos Brands (NASDAQ: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.