Sovos Brands, Inc.
Consumer Staples · Food and Kindred Products · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | |
|---|---|---|---|---|---|
| Revenue | $1.02B | $878.4M | $719.2M | $560.1M | $388.0M |
| Operating income | $80.6M | −$38.5M | $36.5M | $37.4M | −$22.8M |
| Net income | $30.2M | −$53.5M | $1.9M | $10.8M | −$27.1M |
| Total assets | $1.23B | $1.16B | $1.18B | $1.14B | — |
| Total liabilities | $705.0M | $682.8M | $668.4M | $548.1M | — |
| Equity | $530.0M | $476.0M | $509.5M | $596.7M | $584.0M |
| EPS (diluted) | $0.29 | $-0.53 | $0.02 | $0.14 | $-0.37 |
| Shares out. | 100.2M | 100.9M | 74.1M | 74.1M | 73.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- 7.9%
- Net margin
- 3.0%
- Return on equity
- 5.7%
- Return on assets
- 2.4%
- Return on capital (ROCE)
- 7.4%
- Liabilities / assets
- 57.1%
- Debt / equity
- 1.33×
- Book value / share
- $5.29
- Revenue growth (YoY)
- 16.2%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Altman Z″ (distress)
- 2.54grey zone
- Accruals / assets
- −6.1%clean
- Beneish M-Score
- -2.72normal
- Piotroski F-Score
- 9/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 warning● 4 good- Altman Z″ in the grey zone
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylawsMar 12, 2024
- Results of operationsFeb 28, 2024
- Regulation FD disclosureFeb 13, 2024
- Director / officer change · Regulation FD disclosureDec 5, 2023
- Results of operationsNov 8, 2023
- Regulation FD disclosureOct 23, 2023
- Shareholder vote · Regulation FD disclosureOct 16, 2023
- Entered a material agreement · Results of operations · Regulation FD disclosureAug 7, 2023
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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