SOVO News and Press, Sovos Brands Inc. From 03/09/23

2023-03-09 00:11:10 ET The following slide deck was published by Sovos Brands, Inc. in conjunction with their 2022 Q4 earnings call. For further details see: Sovos Brands, Inc. 2022 Q4 - Results - Earnings Call Presentation

2023-03-08 21:35:18 ET Sovos Brands, Inc. (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 – ...

2023-03-08 16:20:27 ET Sovos Brands press release ( NASDAQ: SOVO ): Q4 Non-GAAP EPS of $0.19 beats by $0.03 . Revenue of $262.1M (+38.5% Y/Y) beats by $30.61M . Fiscal 2023 Outlook The Company is providing initial guidance ranges for net sales and adjusted ...

FY 2022 Net Sales and Adjusted EBITDA 1 Exceed Previously Provided Guidance FY 2023 Guidance Demonstrates Continued Strong Momentum on Top and Bottom Line LOUISVILLE, Colo., March 08, 2023 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “...

2023-03-07 11:30:11 ET Total packaged food retail sales increased 10.2% over a four-week period that ended on February 25, according to the latest tracking by Nielsen. The growth was supported by a 11.3% increase in food prices that easily offset a 1% decline in volume. The gain was an ...

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 Dece...

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. Pe...

Summary 1300bp improvement Q/Q in gross margin shows new management focused on profitability, not just growing revenue. Already winning new customers and getting deeper penetration into the existing customer base. Macro tailwinds in place (investments always sound better with ȁ...

Sovos Brands ( NASDAQ: SOVO ) announced that it completed the divestiture of the Birch Benders brand and related assets to Hometown Food Company for an undisclosed amount. The company believes the deal will help it be a more focused business that is better-positioned to drive sust...

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...