Sovos Brands Stock Intrinsic Value – SOVOS BRANDS Reports Second Quarter FY2023 Earnings Results for June 30 2023

August 12, 2023

🌥️Earnings Overview

On August 7th 2023, SOVOS BRANDS ($NASDAQ:SOVO) reported their fiscal second quarter earnings for the period ending June 30th 2023. The company saw a 10.2% rise in total revenue to USD 217.6 million compared to the same period in 2022, and a 117.8% year-over-year increase in net income, reaching USD 5.4 million.

Stock Price

On Monday, SOVOS BRANDS reported second quarter FY2023 earnings results for June 30 2023. The company’s stock opened at $22.5 and closed at $22.6, representing a 25.2% surge from its previous closing price of 18.0. This marks a positive shift in the stock’s value and sentiment from the market, as investors reacted positively to the news.

Overall, investors have reacted positively to SOVOS BRANDS’ second quarter FY2023 earnings results. The company has shown an ability to drive growth and profitability while managing their expenses, providing a strong outlook for the future of the company. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Sovos Brands. More…

    Total Revenues Net Income Net Margin
    941.43 -13.99 1.8%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Sovos Brands. More…

    Operations Investing Financing
    63.7 33.34 -0.07
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Sovos Brands. More…

    Total Assets Total Liabilities Book Value Per Share
    1.17k 664.33 4.95
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Sovos Brands are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    31.3% 2.2%
    FCF Margin ROE ROA
    6.1% 2.6% 1.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis – Sovos Brands Stock Intrinsic Value

    GoodWhale recently conducted an analysis of the fundamentals of SOVOS BRANDS. After careful consideration of the financial data, our proprietary Valuation Line indicated that the fair value of a SOVOS BRANDS share is around $17.0. Currently, SOVOS BRANDS stock is trading at $22.6, representing a 33.2% premium to our analysis. This suggests the stock is overvalued and investors should exercise caution. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    In the world of plant-based foods, there are many companies vying for market share. Sovos Brands Inc is one such company, and it competes with The Planting Hope Co Inc, Tattooed Chef Inc, and Tofutti Brands Inc, among others. Each company has its own unique products and strategies, and the competition between them is fierce.

    – The Planting Hope Co Inc ($TSXV:MYLK)

    The Planting Hope Co Inc. is a publicly traded company with a market capitalization of $53.57 million as of 2022. The company has a return on equity of -671.83%. The company is engaged in the business of providing services to the horticultural industry.

    – Tattooed Chef Inc ($NASDAQ:TTCF)

    Tattooed Chef Inc is a food and beverage company with a focus on healthy, sustainable, and delicious products. The company has a market capitalization of $362 million and a return on equity of -21.74%. Tattooed Chef Inc’s products are available in major retailers across the United States and Canada. The company’s mission is to provide consumers with healthy and delicious food and beverages that are sustainable and environmentally responsible.

    – Tofutti Brands Inc ($OTCPK:TOFB)

    Tofutti Brands Inc is a food company that manufactures and markets dairy-free and lactose-free food products. The company’s products include frozen desserts, cheese substitutes, and cream cheese substitutes. Tofutti Brands Inc’s products are available in the United States, Canada, Europe, and Asia. The company was founded in 1981 and is headquartered in Cranford, New Jersey.


    SOVOS BRANDS reported impressive second quarter earnings results for FY2023, with total revenue jumping 10.2% and net income soaring 117.8% year-over-year. This was reflected in their stock price which moved up on the news. Investors should be excited about these results, as they demonstrate SOVOS BRANDS’ ability to grow revenue and profits. Going forward, investors should watch for continued strong growth, particularly in key metrics such as revenue and income, as well as potential for expansion into new markets.

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