Sovos Brands, Inc. [Rocket]

In millions, except per share items	Jul-01-23	Apr-01-23	Jun-25-22	Mar-26-22	Dec-25-21	Sep-25-21	Jun-26-21
	10-Q	10-Q	10-Q	10-Q	10-K	8-K	10-Q
Revenues			775.3	739.7	719.2	691.7	649.9
Revenue growth			19.3%
Cost of goods sold			557.1	526.8	498.4	476.0	438.4
Gross profit			218.3	213.0	220.8	215.7	211.5
Gross margin			28.2%	28.8%	30.7%	31.2%	32.5%
Selling, general and administrative [+]			148.2	135.5	135.1	132.5	134.6
Sales and marketing			104.6	91.8		91.4	93.5
General and administrative					43.7
Other operating expenses					20.4		9.7
EBITDA [+]			73.3	70.6	78.7	87.0	80.7
EBITDA growth			-9.2%
EBITDA margin			9.5%	9.5%	10.9%	12.6%	12.4%
Depreciation			29.2	28.8	28.6	28.3	27.1
EBITA			44.1	41.8	50.1	58.7	53.5
EBITA margin			5.7%	5.6%	7.0%	8.5%	8.2%
Amortization of intangibles			13.6	13.6			13.6
EBIT [+]			30.5	28.2	36.5	45.1	39.9
EBIT growth			-23.7%
EBIT margin			3.9%	3.8%	5.1%	6.5%	6.1%
Non-recurring items [+]			42.1
Asset impairment			42.1
Interest expense			42.6	43.6	43.0		32.0
Interest expense			42.6	43.6	43.0		32.0
Other income (expense), net [+]					12.1	2.4
Gain (loss) on debt retirement					-34.8		-9.7
Pre-tax income			-42.1	-3.4	5.6	15.5	18.6
Income taxes			-7.4	2.3	3.7	10.2	6.5
Tax rate			17.7%	-69.2%	65.7%
Net income			-34.7	-5.7	1.9	5.3	12.1
Net margin			-4.5%	-0.8%	0.3%	0.8%	1.9%

Basic EPS [+]			($0.39)	($0.07)	$0.03	$0.07	$0.16
Growth			-337.6%
Diluted EPS [+]			($0.39)	($0.07)	$0.03	$0.07	$0.16
Growth			-343.0%

Dividends per share [+]					$5.40		$5.40
Growth	-100.0%	-100.0%	-16.9%

Shares outstanding (basic) [+]			89.1	82.4	75.7	74.1	74.1
Growth			20.3%
Shares outstanding (diluted) [+]			89.2	82.5	76.4	75.2	75.8
Growth			17.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.