Sovos Brands, Inc. reported earnings results for the third quarter and nine months ended September 24, 2022. For the third quarter, the company reported sales was USD 208.91 million compared to USD 178.73 million a year ago. Net income was USD 1.46 million compared to net loss of USD 4.61 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.06 a year ago.
For the nine months, sales was USD 616.27 million compared to USD 529.94 million a year ago. Net loss was USD 24.76 million compared to net income of USD 5.76 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to basic earnings per share from continuing operations of USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.25 compared to diluted earnings per share from continuing operations of USD 0.08 a year ago.