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Sovos Brands (Sovos Brands) Net Margin % : 5.31% (As of Dec. 2023)


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What is Sovos Brands Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Sovos Brands's Net Income for the three months ended in Dec. 2023 was $16 Mil. Sovos Brands's Revenue for the three months ended in Dec. 2023 was $292 Mil. Therefore, Sovos Brands's net margin for the quarter that ended in Dec. 2023 was 5.31%.

The historical rank and industry rank for Sovos Brands's Net Margin % or its related term are showing as below:

SOVO' s Net Margin % Range Over the Past 10 Years
Min: -7   Med: 0.27   Max: 2.96
Current: 2.96


SOVO's Net Margin % is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 3.215 vs SOVO: 2.96

Sovos Brands Net Margin % Historical Data

The historical data trend for Sovos Brands's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sovos Brands Net Margin % Chart

Sovos Brands Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
-7.00 1.93 0.27 -6.09 2.96

Sovos Brands Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.95 3.10 2.48 0.55 5.31

Competitive Comparison of Sovos Brands's Net Margin %

For the Packaged Foods subindustry, Sovos Brands's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sovos Brands's Net Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sovos Brands's Net Margin % distribution charts can be found below:

* The bar in red indicates where Sovos Brands's Net Margin % falls into.



Sovos Brands Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Sovos Brands's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=30.174/1020.421
=2.96 %

Sovos Brands's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=15.513/292.051
=5.31 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sovos Brands  (NAS:SOVO) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Sovos Brands Net Margin % Related Terms

Thank you for viewing the detailed overview of Sovos Brands's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sovos Brands (Sovos Brands) Business Description

Traded in Other Exchanges
N/A
Address
168 Centennial Parkway, Suite 200, Louisville, CO, USA, 80027
Sovos Brands Inc is a food company in the United States. Its brands are Rao's, noosa, Birch Benders, and Michael Angelo's. Its Rao's products include our Rao's Homemade pasta sauces (including tomato-based sauces, Alfredo sauces, and Pesto sauces), pizza sauces, and dry pasta; Rao's Homestyle meat-based pasta sauces; and Rao's Made for Home frozen entrees and soups.
Executives
Todd R Lachman director, officer: President and CEO
Isobel A Jones officer: CLO, GC and Secretary C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111
Christopher W. Hall officer: Chief Financial Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Katie Gvazdinskas officer: Chief Human Resources Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Kirk A. Jensen officer: Chief Supply Chain Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Risa Cretella officer: Executive Vice President C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Lisa Y. O'driscoll officer: Chief Administrative Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Yuri Hermida officer: Chief Growth Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Advent International Gp, Llc 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Advent International Corp/ma 10 percent owner 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Jefferson M Case director 800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Neha Mathur director C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Robert L Graves director C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Wendy K. Behr officer: Chief R&D Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027
Priscilla Tuan officer: Chief Marketing Officer C/O SOVOS BRANDS, INC., 168 CENTENNIAL PARKWAY, SUITE 200, LOUISVILLE CO 80027