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

Earnings data Q4 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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Sprouts Farmers Markets

SFM vs. SOVO: Which Stock Is the Better Value Option?

SFM or SOVO: Which Is the Better Value Stock Right Now?

IPO Stock Of The Week and Rao's pasta sauce maker Sovos Brands is rapidly nearing a buy point amid a 27% surge in recent weeks. The post IPO Stock Of The Week: Rao's Sauce Maker Sovos Approaches Buy Point appeared first on Investor's Business Daily.

IPO Stock Of The Week: Rao's Sauce Maker Sovos Approaches Buy Point

Sovos Brands, Inc. (NASDAQ:SOVO ) Q4 2022 Earnings Conference Call March 8, 2023 4:30 PM ET Company Participants Josh Levine – Vice President-Investor Relations Todd Lachman – President and Chief Executive Officer Chris Hall – Chief Financial Officer Conference Call Participants Ken Goldman – JPMorgan Andrew Lazar – Barclays Peter Galbo – Bank of America Jason English – Goldman Sachs Robert Moskow – Credit Suisse Michael Lavery – Piper Sandler Jon Andersen – William Blair Sarang Vora – Telsey Group Operator Thank you for standing by, and welcome to the Sovos Brands Fourth Quarter and Fiscal Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Sovos Brands, Inc. (SOVO) Q4 2022 Earnings Call Transcript

FY 2022 Net Sales and Adjusted EBITDA 1 Exceed Previously Provided Guidance FY 2023 Guidance Demonstrates Continued Strong Momentum on Top and Bottom Line

Sovos Brands Reports Fourth Quarter and Fiscal Year 2022 Financial Results; Provides 2023 Guidance

LOUISVILLE, Colo., Feb. 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, will announce the results of its fourth quarter and fiscal year ended December 31, 2022 on Wednesday, March 8, 2023. The Company will host its earnings conference via live webcast at 4:30 p.m. Eastern Time on the same day.

Sovos Brands Announces Fourth Quarter and Fiscal Year 2022 Earnings Date

LOUISVILLE, Colo., Jan. 27, 2023 (GLOBE NEWSWIRE) -- Sovos Brands Intermediate, Inc. (“Sovos”) is voluntarily recalling a limited number of 16-ounce jars of Rao's Made for Home Slow Simmered Soup, Chicken & Gnocchi, because the affected jars may contain undeclared egg. People who have an allergy or severe sensitivity to egg run the risk of serious or life-threatening allergic reaction if they consume the product.

Sovos Brands Intermediate, Inc. Issues Allergy Alert on Undeclared Egg in Rao's Slow Simmered Soup, Labeled as Chicken & Gnocchi but Containing Vegetable Minestrone

LOUISVILLE, Colo., Jan. 09, 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 it has completed the divestiture of the Birch Benders brand and related assets to Hometown Food Company, a portfolio company controlled by Brynwood Partners VIII L.P. Details of the transaction were not disclosed.

Sovos Brands Completes the Sale of Birch Benders

CHICAGO , Jan. 9, 2023 /PRNewswire/ -- Hometown Food Company , ("Hometown Foods") home to an iconic portfolio of American baking brands, controlled by Brynwood Partners VIII L.P., has completed the acquisition of Birch Benders from Sovos Brands, Inc. (NASDAQ: "SOVO") ("Sovos Brands"), a public company listed on the NASDAQ exchange.

Hometown Food Company Acquires Birch Benders

Performance Food Group

PFGC vs. SOVO: Which Stock Is the Better Value Option?

PFGC or SOVO: Which Is the Better Value Stock Right Now?

Sovos Brands, Inc. (NASDAQ:SOVO ) Q3 2022 Earnings Conference Call November 2, 2022 4:30 PM ET Company Participants Josh Levine - Vice President of Investor Relations, Absoluto Partners Todd Lachman - President and Chief Executive Officer Chris Hall - Chief Financial Officer. Conference Call Participants Andrew Lazar - Barclays Jason English - Goldman Sachs Anoori Naughton - JPMorgan Cody Ross - UBS Michael Lavery - Piper Sandler Brian Holland - Cowen Peter Galbo - Bank of America Robert Moskow - Credit Suisse Operator Ladies and gentlemen, thank you for standing by, and welcome to Sovos Brands Third Quarter Fiscal Year 2022 Earnings Conference Call.

Sovos Brands, Inc. (SOVO) Q3 2022 Earnings Call Transcript

Sovos Brands, Inc. (SOVO) delivered earnings and revenue surprises of 0% and 5.27%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Sovos Brands, Inc. (SOVO) Matches Q3 Earnings Estimates

Organic Net Sales Growth of 16.9% and Adjusted EBITDA Growth of 14.5% Driven by Strong Dollar and Unit Consumption Growth Across the Rao's Franchise Raising Full Year Net Sales Range to $840-$850 million and Reiterating Adjusted EBITDA Guidance

Sovos Brands Reports Third Quarter 2022 Financial Results

SOVO is a food company focusing on acquiring and building disruptive growth of its "one-of-a-kind" brands. The strength and opportunities of SOVO are aligned with its attractive business model, retail partners, growing household demands, and innovative culture.

Sovos Brands: Attractive Business And Growth Opportunities, But Margin Of Safety Is Lacking

LOUISVILLE, Colo., Oct. 12, 2022 (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 third quarter ended September 24, 2022 on Wednesday, November 2, 2022. The Company will host its earnings conference via live webcast at 4:30 p.m. Eastern Time on the same day.

Sovos Brands Announces Third Quarter 2022 Earnings Date

Sovos Brands continues to generate strong revenue growth, but some of its bottom line results have been mixed. All things considered, the company has held up well in the current volatile market.

Sovos Brands: Strong Growth Continues

LOUISVILLE, Colo., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (Nasdaq: SOVO), one of the fastest-growing food companies of scale in the United States, today announced the appointment of E. Yuri Hermida as the Company's Chief Growth Officer (CGO). Mr. Hermida will play a key role in executing Sovos Brands' enterprise-wide growth strategy and will oversee the Company's sales, marketing, and business segments.

Sovos Brands Appoints E. Yuri Hermida as Chief Growth Officer

LOUISVILLE, Colo., Aug. 30, 2022 (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 the Company is participating in the following investor conferences in September:

Sovos Brands, Inc. to Participate in September Investor Conferences

LOUISVILLE, Colo., Aug. 10, 2022 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands”) (Nasdaq: SOVO), one of the fastest growing food companies of scale in the United States, announced today the pricing of an underwritten secondary public offering by certain stockholders of Sovos Brands (the “Selling Stockholders”) of 8,500,000 shares of Sovos Brands' common stock, par value $0.001 per share (the “Common Stock”), at a price to the public of $14.00 per share. The offering is expected to close on August 15, 2022, subject to the satisfaction of customary closing conditions. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering.

Sovos Brands Announces Pricing of Secondary Public Offering

Sovos Brands, Inc. (NASDAQ:SOVO ) Q2 2022 Earnings Conference Call August 3, 2022 4:30 PM ET Company Participants Joshua Levine - VP, IR Todd Lachman - Founder, President, CEO & Director Christopher Hall - CFO Conference Call Participants Kenneth Goldman - JPMorgan Chase & Co. Andrew Lazar - Barclays Bank Christopher Growe - Stifel, Nicolaus & Company Jon Andersen - William Blair & Company Michael Lavery - Piper Sandler & Co. Peter Galbo - Bank of America Merrill Lynch Cody Ross - UBS Robert Moskow - Crédit Suisse Operator Good day, ladies and gentlemen. Thank you for standing by, and welcome to Sovos Brands Second Quarter Fiscal Year 2020 Earnings Conference Call.

Sovos Brands, Inc. (SOVO) CEO Todd Lachman on Q2 2022 Results - Earnings Call Transcript

Net Sales Increase of 22.0% Driven by Double-Digit Volume and Strong Pricing Growth Raising Full Year Net Sales Range to $825-$835 million and Maintaining Adjusted EBITDA Range, with Guidance at the Lower End

Sovos Brands Reports Second Quarter 2022 Financial Results

LOUISVILLE, Colo. , July 18, 2022 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (Nasdaq: SOVO) today announced the addition of Tamer Abuaita, Senior Vice President, Operations and Chief Supply Chain Officer at Stanley Black & Decker, Inc. to its Board of Directors.

Sovos Brands Announces Appointment of Tamer Abuaita to Board of Directors

LOUISVILLE, Colo., July 13, 2022 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO), the fastest-growing food company of scale in the United States, will announce the results of its second quarter ended June 25, 2022 on Wednesday, August 3, 2022. The Company will host its earnings conference via live webcast at 4:30 p.m. Eastern Time on the same day.

Sovos Brands Announces Second Quarter 2022 Earnings Date

Sovos Brands, Inc. (NASDAQ:SOVO ) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Joshua Levine - VP, IR Todd Lachman - Founder, President, CEO & Director Christopher Hall - CFO Conference Call Participants Trevor Sahr - William Blair & Company Andrew Lazar - Barclays Bank Kenneth Goldman - JPMorgan Chase & Co. Christopher Growe - Stifel, Nicolaus & Company Brian Holland - Cowen and Company Cody Ross - UBS Michael Lavery - Piper Sandler & Co. Peter Galbo - Bank of America Merrill Lynch Jason English - Goldman Sachs Group Operator Thank you for standing by, and welcome to the Sovos Brands First Quarter Fiscal Year 2022 Earnings Conference Call. [Operator Instructions].

Sovos Brands, Inc. (SOVO) CEO Todd Lachman on Q1 2022 Results - Earnings Call Transcript

Sovos Brands is a premium packaged foods company that did an IPO in September 2021 and is growing annual revenues at a rapid pace. With rising food prices and inflation hitting consumers' wallets, SOVO offers an inflation-beating investment option with strong growth drivers.

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