Sovos Brands
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Sovos Brands's past years’ income statements indicate that its last revenue has increased compared to the previous period by 16% to $1,020,421,000. The net income raised on $30,174,000 and profit margin reached 3%. Total operating expenses were $186,494,000.
Profit Margin
| 2019 | 388.00M | -27.14M | -7% |
|---|---|---|---|
| 2020 | 560.06M | 10.82M | 1.93% |
| 2021 | 719.18M | 1.91M | 0.27% |
| 2022 | 878.37M | -53.45M | -6.09% |
| 2023 | 1.02B | 30.17M | 2.96% |
SOVO Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 1.02B | 878.37M | 719.18M | 560.06M | 388.00M |
Cost of revenue | 738.86M | 631.70M | 498.39M | 373.31M | 275.38M |
Gross profit | 281.55M | 246.66M | 220.79M | 186.75M | 112.61M |
Operating exp. | |||||
Research and development | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 40.7M | 38.9M | 38.9M | 28.8M |
Total operating expenses | 186.49M | 191.81M | 163.93M | 149.35M | 118.25M |
Operating income | 95.06M | 54.85M | 56.86M | 37.39M | -5.63M |
Other income (expenses), net | -48.58M | -121.19M | -51.26M | -19.89M | -40.13M |
Income before tax | 46.48M | -66.33M | 5.59M | 17.50M | -45.77M |
Income tax expense | 16.31M | -12.88M | 3.67M | 6.67M | -18.62M |
Net income | 30.17M | -53.45M | 1.91M | 10.82M | -27.14M |
Earnings per share | |||||
Basic EPS | 0.3 | -0.53 | 0.02 | 0.11 | -0.28 |
Diluted EPS | 0.29 | -0.53 | 0.02 | 0.11 | -0.28 |
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