Campbell Soup (CPB) Q2 Earnings Top Estimates, Sales Drop Y/Y [Yahoo! Finance]
Sovos Brands, Inc. (SOVO)
Company Research
Source: Yahoo! Finance
However, net sales declined year over year while earnings remained unchanged. Management reaffirmed fiscal 2024 outlook. The company expects to conclude acquisition of Sovos Brands, Inc. in March 2024. Quarterly Highlights Adjusted earnings came in at 80 cents, in line with the year-ago quarter's figure. The bottom line came ahead of the Zacks Consensus Estimate of 77 cents. Earnings in the quarter reflect a slight growth in EBIT and reduced shares outstanding, countered by increased taxes. Net sales of $2,456 million inched down 1% year over year, though it surpassed the Zacks Consensus Estimate of $2,422.4 million. Organic net sales also dipped 1% year over year. The downside can be attributed to the soft volume/mix (down 2% year over year), somewhat offset by net price realization (up 1%). Our model suggested a volume/mix decline of 2.6% and a pricing increase of 1.7% for the quarter under review. Campbell Soup Company Price, Consensus and EPS Surprise Campbell Soup Compa
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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