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Sovos Brands (SOVO) Revenue & Revenue Breakdown

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Sovos Brands Revenue Highlights

Latest Revenue (Y)

$1.02B

Latest Revenue (Q)

$292.05M

Main Segment (Y)

Rao's

Sovos Brands Revenue by Period

Sovos Brands Revenue by Year

DateRevenueChange
2023-12-30$1.02B16.17%
2022-12-31$878.37M22.13%
2021-12-25$719.19M28.41%
2020-12-31$560.07M44.35%
2019-12-31$388.00M-

Sovos Brands generated $1.02B in revenue during NA 2023, up 16.17% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Sovos Brands Revenue by Quarter

DateRevenueChange
2023-12-30$292.05M13.22%
2023-09-30$257.94M18.52%
2023-07-01$217.63M-13.91%
2023-04-01$252.79M-3.55%
2022-12-31$262.10M25.46%
2022-09-24$208.91M5.81%
2022-06-25$197.43M-5.95%
2022-03-26$209.93M10.93%
2021-12-25$189.24M5.88%
2021-09-25$178.73M10.44%
2021-06-30$161.84M-14.54%
2021-03-31$189.37M17.09%
2020-12-31$161.73M18.11%
2020-09-30$136.93M-

Sovos Brands generated $292.05M in revenue during Q4 2023, up 13.22% compared to the previous quarter, and up 139.80% compared to the same period a year ago.

Sovos Brands Revenue Breakdown

Sovos Brands Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21
Rao's$580.09M$419.97M
Michael Angelo's$80.92M$79.41M
Noosa$176.17M$163.48M
Birch Bender's-$56.33M

Sovos Brands's latest annual revenue breakdown by segment (product or service), as of Dec 22: Rao's (69.29%), Noosa (21.04%), and Michael Angelo's (9.67%).

Quarterly Revenue by Product

Product/ServiceJul 23Apr 23Dec 22Sep 22Jun 22Mar 22Sep 21
Michael Angelo's$15.12M$19.10M$19.67M$21.27M$19.74M$20.24M$22.09M
Noosa$47.99M$45.28M$44.06M$42.70M$47.55M$41.85M$41.71M
Rao's$154.89M$189.19M$187.69M$135.19M$119.80M$137.41M$101.12M
Birch Bender's---$9.75M$10.35M$10.43M$13.81M

Sovos Brands's latest quarterly revenue breakdown by segment (product or service), as of Jul 23: Rao's (71.05%), Noosa (22.01%), and Michael Angelo's (6.94%).

Sovos Brands Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
THSTreeHouse Foods$3.43B$839.10M
CENTCentral Garden & Pet Company$3.20B$900.09M
LANCLancaster Colony$1.87B$466.56M
HAINHain Celestial Group$1.74B$394.60M
JJSFJ&J Snack Foods$1.57B$439.96M
SENEASeneca Foods$1.46B$304.73M
SMPLSimply Good Foods Company$1.33B$334.76M
JBSSJohn B. Sanfilippo & Son$1.07B$276.20M
BRIDBridgford Foods$251.64M$49.26M
NATRNature's Sunshine Products$100.00K$114.61M

SOVO Revenue FAQ

What is Sovos Brands’s yearly revenue?

Sovos Brands's yearly revenue for 2023 was $1.02B, representing an increase of 16.17% compared to 2022. The company's yearly revenue for 2022 was $878.37M, representing an increase of 22.13% compared to 2021. SOVO's yearly revenue for 2021 was $719.19M, representing an increase of 28.41% compared to 2020.

What is Sovos Brands’s quarterly revenue?

Sovos Brands's quarterly revenue for Q4 2023 was $292.05M, a 13.22% increase from the previous quarter (Q3 2023), and a 11.43% increase year-over-year (Q4 2022). The company's quarterly revenue for Q3 2023 was $257.94M, a 18.52% increase from the previous quarter (Q2 2023), and a 23.47% increase year-over-year (Q3 2022). SOVO's quarterly revenue for Q2 2023 was $217.64M, a -13.91% decrease from the previous quarter (Q1 2023), and a 10.23% increase year-over-year (Q2 2022).

What is Sovos Brands’s revenue growth rate?

Sovos Brands's revenue growth rate for the last 3 years (2021-2023) was 41.89%, and for the last 5 years (2019-2023) was 162.99%.

What are Sovos Brands’s revenue streams?

Sovos Brands's revenue streams in c 22 are Rao's, Michael Angelo's, and Noosa. Rao's generated $580.09M in revenue, accounting 69.29% of the company's total revenue, up 38.13% year-over-year. Michael Angelo's generated $80.92M in revenue, accounting 9.67% of the company's total revenue, up 1.90% year-over-year. Noosa generated $176.17M in revenue, accounting 21.04% of the company's total revenue, up 7.76% year-over-year.

What is Sovos Brands’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Sovos Brands was Rao's. This segment made a revenue of $580.09M, representing 69.29% of the company's total revenue.