Sovos Brands Inc (SOVO) Gross Profit Margin starting from the fourth quarter 2023 to fourth quarter 2022, Profitability Trends and Ranking, Fundamental Ratios - CSIMarket
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Sovos Brands Inc  (NASDAQ: SOVO)


Sovos Brands Inc's Gross Profit Margin by quarter

Trends, Rankings, Statistics



SOVO Gross Profit Margin (Dec 30 2023)
Q4
(Sep 30 2023)
Q3
(Jul 01 2023)
Q2
(Apr 01 2023)
Q1
(Dec 31 2022)
Q4
Y / Y Revenue Change 11.6 %
Seq. Revenue Change 13.59 %
Revenue In Millions $292.50
Gross Profit Margin 29.91 %
Gross Profit Margin Total Ranking # 2752
Gross Profit In Millions $87.47
Y / Y Gross Profit Change 15.22 %
Seq. Gross Profit Change 14.36 %


Commenting fourth quarter 2023 Gross Profit Margin
Sovos Brands Inc Gross Profit grew by 14.36 % in Q4 sequentially to 87 millions, while Revenue increased by 13.59 %, this led to improvement in the company's Gross Profit Margin to 29.91 %, above the Sovos Brands Inc average Gross Profit Margin.


Observing fourth quarter 2023 results within Food Processing industry 23 other companies have achieved higher Gross Profit Margin. While Gross Profit Margin overall ranking has deteriorated relative to the three months before, from 2744 to 2752.
Learn about Gross Margin
SOVO's Gross Profit Margin fourth quarter 2023 Company Ranking
Within: No.
Food Processing Industry # 24
Consumer Non Cyclical Sector # 115
Overall # 2721

Gross Profit Margin Statistics
High Average Low
33.35 % 29.87 % 25.68 %
(Sep 26 2020)   (Mar 26 2022)




Other Gross Profit Margin Profitability Ratios
SOVO's Cumulative Gross Profit Margin
Food Processing Industry Gross Profit Margin Trends and Statistics
Consumer Non Cyclical Sector Gross Profit Margin Statistics
Gross Profit Margin Profitability Trends for overall market
SOVO's Gross Profit Margin Profitability versus Food Processing Industry, Consumer Non Cyclical Sector and total Market
Highest Ranking Gross Profit Margin
Lowest Ranking Gross Profit Margin
Gross Profit Margin Profit Margin for SOVO's Competitors
Gross Profit Margin Profit Margin for Sovos Brands Inc's Suppliers
Gross Profit Margin Profit Margin for SOVO's Customers

You may also want to know
SOVO's Annual Growth Rates SOVO's Profitability Ratios SOVO's Asset Turnover Ratio SOVO's Dividend Growth
SOVO's Roe SOVO's Valuation Ratios SOVO's Financial Strength Ratios SOVO's Gross Profit Growth
SOVO's Roa SOVO's Inventory Turnover Ratio SOVO's Growth Rates SOVO's Dividend Comparisons


Companies with similar Gross Profit Margin in the quarter ending Dec 30 2023, within Food Processing Industry Gross Profit MarginDec 30 2023 MRQ Gross ProfitDec 30 2023 MRQ Revenue
Medifast Inc   74.01 %$ 141.368  Millions$ 191.014  Millions
Flowers Foods Inc  47.94 %$ 541.308  Millions$ 1,129.027  Millions
Chanson International Holding  47.51 %$ 8.147  Millions$ 17.147  Millions
Blue Star Foods Corp   44.08 %$ 0.445  Millions$ 1.009  Millions
Hershey Co  42.27 %$ 1,123.142  Millions$ 2,657.111  Millions
Farmer Brothers Co  40.52 %$ 36.109  Millions$ 89.109  Millions
Sow Good Inc  40.15 %$ 3.823  Millions$ 9.522  Millions
Mccormick and Company Incorporated  40.01 %$ 701.300  Millions$ 1,752.800  Millions
Laird Superfood Inc   39.21 %$ 3.716  Millions$ 9.477  Millions
The Simply Good Foods Company  37.36 %$ 115.118  Millions$ 308.118  Millions
Mondel z International Inc   37.26 %$ 3,470.000  Millions$ 9,314.000  Millions
The J M Smucker Company  36.93 %$ 823.100  Millions$ 2,229.100  Millions
Tootsie Roll Industries Inc  34.73 %$ 68.735  Millions$ 197.938  Millions
Freshpet Inc   34.56 %$ 74.575  Millions$ 215.813  Millions
Kellanova  34.50 %$ 1,095.000  Millions$ 3,174.000  Millions
Bellring Brands Inc   34.39 %$ 148.000  Millions$ 430.400  Millions
General Mills Inc   34.36 %$ 1,765.900  Millions$ 5,139.400  Millions
Kraft Heinz Co  33.78 %$ 2,317.000  Millions$ 6,860.000  Millions
Barfresh Food Group Inc   33.40 %$ 0.642  Millions$ 1.922  Millions
GOLDENWELL BIOTECH, INC.  33.33 %$ 0.000  Millions$ 0.000  Millions
Vital Farms Inc   33.22 %$ 45.193  Millions$ 136.044  Millions
Utz Brands Inc   32.64 %$ 115.328  Millions$ 353.328  Millions
The Campbells Company  31.60 %$ 776.000  Millions$ 2,456.000  Millions
Sovos Brands Inc  29.91 %$ 87.474  Millions$ 292.495  Millions
Bridgford Foods Corporation  29.68 %$ 16.038  Millions$ 54.038  Millions
Mama s Creations Inc   29.26 %$ 7.821  Millions$ 26.725  Millions
Wk Kellogg Co  29.19 %$ 190.000  Millions$ 651.000  Millions
Post Holdings Inc   29.13 %$ 572.600  Millions$ 1,965.900  Millions
Lamb Weston Holdings Inc   27.47 %$ 475.600  Millions$ 1,731.600  Millions
Lifeway Foods Inc   27.35 %$ 11.792  Millions$ 43.114  Millions




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