Sovos Brands

Sovos Brands, Inc. engages in the sale of Italian sauces and dry pasta, soups, yogurts, frozen ready-to-eat meals, pancake and waffle mixes, baking mixes, and frozen waffles. Its brands include Rao's Homemade, noosa yoghurt, Birch Benders, and Michael Angelo’s. It operates through the Dinner and Sauces, and Breakfast and Snacks segments. The company was founded by Todd R. Lachman on January 17, 2017 and is headquartered in Louisville, CO.

Earnings data Q3 2021

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Sovos Brands excels in Q4 2022, eyes sustained growth through innovation

Sovos Brands showcased robust performance in Q4 2022, driven by strong sales growth and strategic investments. Despite challenges like inflation and supply chain disruptions, the company remains focused on expanding its market presence and driving sustainable growth through product innovation and brand building.

Sovos Brands excels in Q1 with Rao's brand leading growth

Sovos Brands' Q1 2023 showcased strong financial performance, particularly driven by the success of the Rao's mega brand. While challenges exist with certain brand performances, opportunities for growth through capital allocation and brand expansion are evident. Pricing strategies have been effective, contributing to the overall positive outlook for the company.

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Sovos Brands, Inc. (SOVO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Sovos Brands, Inc. (SOVO) Hits Fresh High: Is There Still Room to Run?

Sovos Brands, Inc. (SOVO) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.19 per share a year ago.

Sovos Brands, Inc. (SOVO) Q4 Earnings and Revenues Beat Estimates

FY 2023 Net Sales Surpassed $1 Billion; Accelerated Volume Growth Drove Double-Digit Top and Bottom-Line Growth Q4 Net Sales Grew 11.4% YoY (Organic 25.3%), Led by Rao's Net Sales Up 24.9% (Organic 34.7%) 1

Sovos Brands Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Sovos Brands, Inc. (SOVO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Sovos Brands, Inc. (SOVO) Earnings Expected to Grow: Should You Buy?

LOUISVILLE, Colo., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO) will announce the results of its fourth quarter and fiscal year ended December 30, 2023 on Wednesday, February 28, 2024 after market close. The press release will be available on the Investor Relations section of the Company's website at ir.sovosbrands.com. Due to the pending merger with Campbell Soup Company, Sovos Brands will not host a conference call to discuss the results.

Sovos Brands Announces Fourth Quarter and Fiscal Year 2023 Earnings Date

Campbell Soup

Campbell Soup said on Tuesday that it expects to close its $2.33 billion acquisition of Rao's Homemade items owner Sovos Brands within days of March 11 after receiving a certification of compliance from the United States Federal Trade Commission (FTC).

Campbell Soup expects to close Sovos Brands deal 'within days' of March 11

CAMDEN, N.J. & LOUISVILLE, Colo.--(BUSINESS WIRE)--Campbell Soup Company (NYSE: CPB) and Sovos Brands, Inc. (NASDAQ: SOVO) today announced that both companies have certified substantial compliance with the Request for Additional Information and Documentary Materials ("Second Request") issued by the Federal Trade Commission (FTC) regarding Campbell's proposed acquisition of Sovos Brands. The certification of substantial compliance triggers the start of a 30-day waiting period which is expected t.

Campbell and Sovos Brands Certify Substantial Compliance with Second Request from FTC; Begins the Start of 30-Day Waiting Period

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LOUISVILLE, Colo., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO), one of the fastest-growing food companies of scale in the United States, today announced the promotion of E.

Sovos Brands Announces the Promotion of E. Yuri Hermida to President

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PFGC vs. SOVO: Which Stock Should Value Investors Buy Now?

LOUISVILLE, Colo., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO) will announce the results of its third quarter ended September 30, 2023 on Wednesday, November 8, 2023 after market close. The press release will be available on the Investor Relations section of the Company's website at ir.sovosbrands.com. Due to the pending merger with Campbell Soup Company, Sovos Brands will not host a conference call to discuss the results.

Sovos Brands Announces Third Quarter 2023 Earnings Date

CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NYSE: CPB) today announced it has received a request for additional information from the Federal Trade Commission (FTC) as part of the agency's review of Campbell's proposed acquisition of Sovos Brands, Inc. (Nasdaq: SOVO). A second request for information is a common feature of the regulatory review for transactions of this type under the Hart-Scott-Rodino Antitrust Improvement Act. The company now expects to complete this transaction in th.

Campbell Receives Second Request from FTC Under HSR Act for Proposed Acquisition of Sovos Brands, Inc.

LOUISVILLE, Colo., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO) today announced that its stockholders, at a Special Meeting of Stockholders held earlier today, approved the previously announced acquisition of the Company by Campbell Soup Company (“Campbell”) (NYSE:CPB). 92.38% of the Company's outstanding shares were voted, with 99.99% of the votes cast in favor of the proposal. Under the terms of the merger agreement, Campbell will acquire all the outstanding shares of Sovos Brands, Inc. for $23.00 per share in cash. The Company will be filing the final voting results on a Form 8-K with the Securities and Exchange Commission.

Sovos Brands Stockholders Vote to Approve Acquisition by Campbell

Sovos Brands, Inc. (SOVO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Sovos Brands, Inc. (SOVO) Upgraded to Strong Buy: Here's What You Should Know

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sovos Brands, Inc. (NasdaqGS: SOVO) to Campbell Soup Company (NYSE: CPB). Under the terms of the proposed transaction, shareholders of Sovos will receive $23.00 in cash for each share of Sovos that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or.

SOVOS BRANDS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sovos Brands, Inc. - SOVO

Does Sovos Brands, Inc. (SOVO) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Sovos Brands, Inc. (SOVO) is a Great Choice

Investors looking for stocks in the Food - Natural Foods Products sector might want to consider either Sprouts Farmers (SFM) or Sovos Brands, Inc. (SOVO). But which of these two stocks offers value investors a better bang for their buck right now?

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Sovos Brands, Inc. (SOVO) is a Great Momentum Stock: Should You Buy?

Investors looking for stocks in the Food - Natural Foods Products sector might want to consider either Sprouts Farmers (SFM) or Sovos Brands, Inc. (SOVO). But which of these two stocks is more attractive to value investors?

SFM vs. SOVO: Which Stock Should Value Investors Buy Now?

Sovos' (SOVO) shares jump 25% as reports emerge that Campbell (CPB) is finalizing a $2.7 billion deal to take the company over.

Sovos' (SOVO) Shares Surge 25% on Acquisition Offer by Campbell

Iconic canned soup company Campbell is expanding its reach in the Italian food market.

Campbell Soup Company buys Sovos Brands, maker of Rao's for $2.7 billion

U.S. packaged food maker Campbell Soup will buy Michael Angelo's and Rao's owner Sovos Brands for $2.33 billion in cash, the company said on Monday, beefing up its meals and beverages business with the maker of premium Italian sauces.

Campbell to buy Rao's premium sauces maker Sovos for $2.33 billion

Campbell Soup announced Monday it will buy Sovos Brands for $2.7 billion, or $23 per share. Sovos's portfolio includes Rao's pasta sauce and Michael Angelo's frozen meals.

Campbell Soup buys Rao's sauce maker for $2.7B

Campbell Soup Company (CPB) has acquired Sovos Brands, Inc. (SOVO)—the parent company of brands such as Rao's pasta sauces, Noosa Yoghurt and Italian frozen food Michael Angelo's—for $2.7 billion

News for Sovos Brands Stock (SOVO)