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Sovos Brands Inc - SOVO STOCK NEWS

Welcome to our dedicated news page for Sovos Brands (Ticker: SOVO), a resource for investors and traders seeking the latest updates and insights on Sovos Brands.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sovos Brands's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sovos Brands's position in the market.

News
Flagship Food Group Rebrands to Insignia International and Will Unveil New Logo Live at Natural Products Expo West
Rhea-AI Summary
Flagship Food Group rebrands as Insignia International at Natural Products Expo West, introducing new products and executives.
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Sovos Brands Reports Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
Sovos Brands, Inc. reported FY 2023 net sales surpassing $1 billion with accelerated volume growth driving double-digit top and bottom-line growth. Q4 net sales grew 11.4% YoY, led by Rao’s net sales up 24.9% on an organic basis. Gross margin increased, net income improved, and adjusted EBITDA grew. The pending merger with Campbell’s is progressing towards completion.
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End-of-Day
0.75%
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Sovos Brands Announces Fourth Quarter and Fiscal Year 2023 Earnings Date
Rhea-AI Summary
Sovos Brands, Inc. to announce Q4 and fiscal year results, no conference call due to pending merger with Campbell Soup Company.
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End-of-Day
0.22%
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earnings
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Campbell and Sovos Brands Certify Substantial Compliance with Second Request from FTC; Begins the Start of 30-Day Waiting Period
Rhea-AI Summary
Campbell Soup Company (CPB) and Sovos Brands, Inc. (SOVO) have certified substantial compliance with the FTC's Second Request, moving closer to finalizing the acquisition. The 30-day waiting period is expected to end on March 11, 2024, with completion shortly after. Campbell sees the acquisition as strengthening their portfolio and positioning them as a growth-oriented leader in the food industry.
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0.81%
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Sovos Brands Announces the Promotion of E. Yuri Hermida to President
Rhea-AI Summary
Sovos Brands, Inc. (Nasdaq: SOVO) announced the promotion of E. Yuri Hermida to President, effective December 11, 2023. Mr. Hermida has been an invaluable asset in executing the enterprise-wide growth strategy and will continue to report to Todd Lachman, Founder and CEO. The pending merger with Campbell Soup Company is expected to be completed in 2024.
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0.18%
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Sovos Brands Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
SOVO - Sovos Brands reports exceptional Q3 results with 23.5% increase in net sales, driven by 26% volume growth. Rao's net sales grew 45% YoY, surpassing $700 million in LTM net sales. The company also provided an update on the pending merger with Campbell's.
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End-of-Day
0.23%
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earnings
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Sovos Brands Announces Third Quarter 2023 Earnings Date
Rhea-AI Summary
Sovos Brands, Inc. will announce Q3 2023 results on November 8, 2023. No conference call will be held due to pending merger with Campbell Soup Company.
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Campbell Receives Second Request from FTC Under HSR Act for Proposed Acquisition of Sovos Brands, Inc.
Rhea-AI Summary
Campbell Soup Company receives additional information request from FTC for proposed acquisition of Sovos Brands.
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0.23%
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Sovos Brands Stockholders Vote to Approve Acquisition by Campbell
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Zomedica Corp. CEO to provide strategic update at H.C. Wainwright 25th Annual Global Investment Conference
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0.31%
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BARK Announces Appointment of Larry Bodner to Board of Directors
Rhea-AI Summary
Larry Bodner joins BARK's Board of Directors bringing 35 years of consumer-packaged goods experience. He is currently the CEO of Bulletproof 360 and a Director at Hostess Brands. His expertise in building and growing consumer brands, as well as pet consumables, will be valuable for BARK's future growth.
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Stock SOVO logo
Sovos Brands Inc

Nasdaq:SOVO

SOVO Rankings

N/A Ranked by Market Cap
#332 Ranked by Stock Gains
N/A Ranked by Dividends

SOVO Stock Data

2.34B
63.53M
4.22%
110.3%
11.85%
Dog and Cat Food Manufacturing
Manufacturing
Link
United States
Louisville

About SOVO

sovos brands is a new kind of food and beverage company with a mission to acquire and build one-of-a-kind brands. sovos has the soul of a startup, the experience of an industry leader and the financial backing of advent international. sovos brands has a one-of-a-kind approach to brands, business and people—in fact, the only thing that’s old school about the company is the name, inspired by the old latin term sovos, which means unique or one of a kind. this one-of-a- kind vision leads the company’s focus on people and brands, working to ensure that both can really thrive. find out more about sovos brands at sovosbrands.com.