Sovos Brands (NASDAQ:SOVO) reported its Q4 earnings results on Wednesday, February 28, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Sovos Brands beat estimated earnings by 37.0%, reporting an EPS of $0.26 versus an estimate of $0.19.
Revenue was up $29.95 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 0.0% increase in the share price the next day.
Here's a look at Sovos Brands's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.15 | 0.13 | 0.15 | 0.16 |
| EPS Actual | 0.20 | 0.17 | 0.18 | 0.19 |
| Revenue Estimate | 226.04M | 213.51M | 233.59M | 231.50M |
| Revenue Actual | 257.94M | 217.63M | 252.79M | 262.10M |
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.