Campbell Soup 2Q Revenue, Profit Expected to Slip -- Earnings Preview [MarketWatch]
Sovos Brands, Inc. (SOVO)
Company Research
Source: MarketWatch
EARNINGS: The soup and snack maker is expected to post a profit of $228.2 million for the quarter ended Jan. 28, down from $232 million in the same period a year ago, according to the consensus estimate of six analysts polled by FactSet. Advertisement ADJUSTED PROFIT: Stripping out one-time items, adjusted earnings are expected to be 77 cents a share, according to the forecasts of 17 analysts surveyed by FactSet. REVENUE: The Camden, N.J.-based company is projected to log $2.44 billion in revenue, compared with $2.49 billion in the year-ago quarter, according to 15 analysts polled by FactSet. WHAT TO WATCH Advertisement --Campbell said last month that it expects to complete its acquisition of Sovos Brands, the maker of Rao's pasta sauce, within days of the March 11 expiration date for a regulatory waiting period from the Federal Trade Commission. Investors will be looking for updates on the deal. --U.S. food companies have been guiding for sales growth to improve as 202
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SOVO
News
- Campbell Soup CEO on Rao's pasta sauce deal: We have now entered our next chapter [Yahoo! Finance]Yahoo! Finance
- Campbell Soup completes $2.33 billion Sovos deal after delays [Yahoo! Finance]Yahoo! Finance
- Campbell Completes Acquisition of Sovos Brands, Inc. [Yahoo! Finance]Yahoo! Finance
- Flagship Food Group Rebrands to Insignia International and Will Unveil New Logo Live at Natural Products Expo West [Yahoo! Finance]Yahoo! Finance
- Flagship Food Group Rebrands to Insignia International and Will Unveil New Logo Live at Natural Products Expo WestBusiness Wire
SOVO
Earnings
- 2/28/24 - Beat
SOVO
Sec Filings
- 3/12/24 - Form 25-NSE
- 3/12/24 - Form S-8
- 3/12/24 - Form POS
- SOVO's page on the SEC website