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.
Revenue of Sovos Brands, Inc. (SOVO)
Revenue in 2023 (TTM): $1.02 B
According to Sovos Brands, Inc.'s latest financial reports the company's current revenue (TTM) is $1.02 B. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Sovos Brands, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $1.02 B | $281.56 M | $129.02 M | $46.49 M | $30.17 M |
| 2022 | $878.37 M | $246.67 M | $93.72 M | $-66,339,000 | $-53,451,000 |
| 2021 | $719.19 M | $220.79 M | $94.67 M | $5.59 M | $1.92 M |
| 2020 | $560.07 M | $186.75 M | $71.19 M | $17.5 M | $10.83 M |
| 2019 | $388 M | $112.62 M | $27.42 M | $-45,771,000 | $-27,145,000 |