Sovos Brands Reports Fourth Quarter and Fiscal Year 2023 Financial Results [Yahoo! Finance]
Sovos Brands, Inc. (SOVO)
Company Research
Source: Yahoo! Finance
LOUISVILLE, Colo., Feb. 28, 2024 (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 reported financial results for its fourth quarter and fiscal year ended December 30, 2023. Fourth Quarter Highlights: Net sales of $292.1 million increased 11.4% year-over-year, representing the 10 th consecutive quarter of double-digit net sales growth since IPO Organic net sales growth of 25.3% was driven by 21.7% volume and 3.6% pricing growth Note: Organic net sales excludes the contribution from the Birch Benders brand and the extra week in the prior year period Rao's net sales of $234.3 million increased 24.9% year-over-year, or 34.7% on an organic basis , benefitting from 36.2% dollar consumption growth for the entire franchise Rao's sauce dollar consumption grew 31.7% year-over-year, reflecting 410 bps of household penetration growth to 15.9%, the largest YoY gain in
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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