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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Earnings data Q1 2024

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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Shares of Sovos Brands Inc (NASDAQ: SOVO) are up 25% on Monday after Campbell Soup Company (NYSE: CPB) said it will buy the premium sauces maker for about $2.7 billion.

Sovos Brands stock jumped 25% on Monday: here's why

Sovos agreed to be acquired by Campbell Soup for $2.7 billion in cash and assumed debt. The deal offers shareholders a significant premium over Friday's close, but will deprive investors of the chance to partake in future growth from the Sovos brands.

Why Sovos Brands Stock Is Soaring Today

Campbell Soup

The food company's acquisition of Sovos, maker of the premium Rao's tomato sauce, isn't cheap. But it makes good strategic sense.

Campbell Upgrades Its Sauce Game

MILWAUKEE , Aug. 7, 2023 /PRNewswire/ -- Ademi LLP is investigating Sovos (Nasdaq: SOVOS) for possible breaches of fiduciary duty and other violations of law in its transaction with Campbell Soup.  Click here to learn how to join the action https://www.ademilaw.com/case/sovos-brands-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Sovos Brands, Inc. has obtained a Fair Price in its transaction with Campbell Soup

Sovos Brands (NASDAQ: SOVO ) stock is rising higher on Monday following news that Campbell Soup (NYSE: CPB ) is acquiring the Italian sauces company. Campbell Soup is going to acquire Sovos Brands in a $2.7 billion deal.

SOVO Stock Alert: Campbell Soup Is Buying Sovos Brands for $2.7 Billion

Sovos Brands, Inc. (SOVO) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.13 per share a year ago.

Sovos Brands, Inc. (SOVO) Beats Q2 Earnings and Revenue Estimates

The Campbell Soup Company has announced its acquisition of Sovos Brands, the parent company of Michael Angelo's and Rao's foods, soups and sauces lines, in a cash deal of $2.33 billion. This acquisition, priced at $23 per Sovos share, represents a 28% premium on Sovos' recent closing price.

Campbell Soup cooks up $2.3bn Michael Angelo's and Rao's deal

Campbell said the deal for Sovos Brands is expected to close in December.

Campbell Soup to Acquire Maker of Rao's for $2.7 Billion

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Sovos Brands, Inc. (NASDAQ: SOVO) to Campbell Soup Company for $23.00 per share in cash is fair to Sovos Brands shareholders. Halper Sadeh encourages Sovos Brands shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether.

SOVO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Sovos Brands, Inc. Is Fair to Shareholders

Campbell Soup Co. CPB, -1.05% said Monday it has agreed to acquire Sovos Brands Inc., parent to pasta sauces and other foods sold under the brand names Rao's, Michael Angelo's and noosa, in a deal with an enterprise value of about $2.7 billion. Campbell will pay $32 per Sovos share in cash.

Campbell Soup to acquire Rao's parent Sovos Brands in cash deal valued at about $2.7 billion

Excellent Results Reflect Sustained Sector-Leading, Volume-Led Top Line Growth Entered Into a Definitive Agreement to be Acquired by Campbell Soup Company

Sovos Brands Reports Second Quarter 2023 Financial Results

CAMDEN, N.J. & LOUISVILLE, Colo.--(BUSINESS WIRE)--Campbell Soup Company (NYSE: CPB) and Sovos Brands, Inc. (Nasdaq: SOVO) today announced that the companies have entered into an agreement for Campbell to acquire Sovos Brands, Inc. for $23 per share in cash, representing a total enterprise value of approximately $2.7 billion. This represents a 14.6x adjusted EBITDA multiple1 including expected annual run rate synergies of approximately $50 million. The strategic transaction adds a high-growth,.

Campbell to Acquire Sovos Brands, Leader in High-Growth Premium Italian Sauces

Sprouts Farmers Markets

SpartanNash

The Zacks Natural Foods Products industry players benefit from the growing consumer preference for healthy food options and efficient pricing amid cost inflation. These factors present good opportunities for Sprouts Farmers (SFM), Sovos Brands (SOVO) and SpartanNash (SPTN).

3 Natural Food Stocks to Watch on Thriving Demand, Innovation

LOUISVILLE, Colo., July 19, 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, will announce the results of its second quarter ended July 1, 2023 on Wednesday, August 9, 2023 after market close. The Company will host a live earnings conference call and webcast at 4:30 p.m. Eastern Time on the same day.

Sovos Brands Announces Second Quarter 2023 Earnings Date

Many business acquisitions fail to live up to lofty growth expectations. But with Rao's, Sovos Brands has created a playbook of what works, growing the brand over 9x.

How Sovos Brands Grew Rao's 9X In Six Years

Sovos Brands has experienced strong growth and momentum, primarily driven by its Rao brand, with the potential for increased household penetration and expansion into adjacent categories like pizza. Despite the positive trajectory, SOVO's current valuation at 28x forward P/E is no longer attractive, with the potential for multiple compressions posing a headwind to shareholder returns. The recommendation for SOVO has been changed to hold due to the rich valuation, but it remains a business worth monitoring for the long term.

Sovos Brands: Business Remains Strong But Valuation Is Rich Now

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

What Makes Sovos Brands, Inc. (SOVO) a Strong Momentum Stock: Buy Now?

LOUISVILLE, Colo., May 15, 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 that certain stockholders of Sovos Brands (the “Selling Stockholders”) intend to offer 10,000,000 shares of Sovos Brands' common stock, par value $0.001 per share (the “Common Stock”), in an underwritten secondary public offering.

Sovos Brands Announces Launch of Secondary Public Offering

Sovos Brands, Inc. (NASDAQ:SOVO ) Q1 2023 Earnings Conference Call May 10, 2023 4:30 PM ET Company Participants Josh Levine - Vice President-Investor Relations Todd Lachman - President & Chief Executive Officer Chris Hall - Chief Financial Officer Conference Call Participants Ken Goldman - JPMorgan Peter Galbo - Bank of America Jon Andersen - William Blair Matt Smith - Stifel Cody Ross - UBS Michael Lavery - Piper Sandler Operator Greetings, and welcome to Sovos Brands' First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Sovos Brands, Inc. (SOVO) Q1 2023 Earnings Call Transcript

Performance Food Group

The Zacks Natural Foods Products industry participants are battling increased commodity costs and high operating expenses. However, the rising inclination toward healthy food options keeps Performance Food (PFGC), Sprouts Farmers (SFM) and Sovos Brands (SOVO) well-placed.

Watch These 3 Natural Food Stocks Despite Industry Concerns

Sovos Brands, Inc. (SOVO) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.14 per share a year ago.

Sovos Brands, Inc. (SOVO) Tops Q1 Earnings and Revenue Estimates

Continued Volume-Led Growth Driven by Rao's Provides Strong Start to Fiscal 2023

Sovos Brands Reports First Quarter 2023 Financial Results

Life Time Group Holdings

On Holding AG

IPO stocks SOVO and ONON get ready for Q1 earnings while gym and spa operator Life Time primes a buy zone amid healthy growth. The post Top Funds Can't Get Enough Of These 3 Breakout IPO Stocks appeared first on Investor's Business Daily.

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Sovos Brands, Inc. (SOVO) possesses 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: What to Know Ahead of Next Week's Release

LOUISVILLE, Colo., April 19, 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, will announce the results of its first quarter ended April 1, 2023 on Wednesday, May 10, 2023 after market close. The Company will host a live earnings conference call and webcast at 4:30 p.m. Eastern Time on the same day.

News for Sovos Brands Stock (SOVO)