Sovos Brands, Inc. Common Stock

SOVO

Market cap $2.34B

The Campbell Soup Company (CPB) posted its third quarter earnings, revealing a 6% year-over-year increase in net sales that totaled $2.23 billion. The company says the sales were due in part to its acquisition of Sovos Brands.

Sovos Brands, Inc. (SOVO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Sovos Brands, Inc. (SOVO) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.19 per share a year ago.

FY 2023 Net Sales Surpassed $1 Billion; Accelerated Volume Growth Drove Double-Digit Top and Bottom-Line Growth Q4 Net Sales Grew 11.4% YoY (Organic 25.3%), Led by Rao's Net Sales Up 24.9% (Organic 34.7%) 1

Sovos Brands, Inc. (SOVO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

LOUISVILLE, Colo., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO) will announce the results of its fourth quarter and fiscal year ended December 30, 2023 on Wednesday, February 28, 2024 after market close. The press release will be available on the Investor Relations section of the Company's website at ir.sovosbrands.com. Due to the pending merger with Campbell Soup Company, Sovos Brands will not host a conference call to discuss the results.

Campbell Soup said on Tuesday that it expects to close its $2.33 billion acquisition of Rao's Homemade items owner Sovos Brands within days of March 11 after receiving a certification of compliance from the United States Federal Trade Commission (FTC).

CAMDEN, N.J. & LOUISVILLE, Colo.--(BUSINESS WIRE)--Campbell Soup Company (NYSE: CPB) and Sovos Brands, Inc. (NASDAQ: SOVO) today announced that both companies have certified substantial compliance with the Request for Additional Information and Documentary Materials ("Second Request") issued by the Federal Trade Commission (FTC) regarding Campbell's proposed acquisition of Sovos Brands. The certification of substantial compliance triggers the start of a 30-day waiting period which is expected t.

Stocks like Ingredion Incorporated (INGR), Sysco Corporation (SYY), Sovos Brands, Inc. (SOVO) and Laird Superfood, Inc. (LSF) are likely to benefit from the solid jump in online grocery sales.

The Zacks Natural Foods Products industry players are seeing gains from the growing consumer preference for healthy food options and efficient pricing amid cost inflation. These factors bode well for Sprouts Farmers (SFM), Sovos Brands (SOVO) and Farmer Bros.