Investing.com - Sovos Brands reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sovos Brands announced earnings per share of $0.01 on revenue of $208.9M. Analysts polled by Investing.com anticipated EPS of $0.14 on revenue of $199.49M.
Sovos Brands shares are down 58% from the beginning of the year , still down 18.67% from its 52 week high of $17.41 set on Monday, December 13, 2021.
Sovos Brands follows other major Consumer Staples sector earnings this month
Sovos Brands's report follows an earnings beat by Procter&Gamble on Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.6B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $0.69 on revenue of $11.1B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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