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Financial Snapshot

Revenue
TTM
$1.025B
Gross Margin
TTM
29.86%
Net Income
TTM
$61.00K
Current Assets
2023 Q4
Current Liabilities
2023 Q4
Current Ratio
2023 Q4
290.02%
Total Assets
2023 Q4
Total Liabilities
2023 Q4
Book Value
2023 Q4
530.0M
Cash
2023 Q4
P/E
TTM
38.37K
Free Cash Flow
TTM
$77.28M

Stock Price

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Market Cap: $2.3407 Billion

About Sovos Brands, Inc.

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. The company is headquartered in Louisville, Colorado and currently employs 690 full-time employees. The company went IPO on 2021-09-23. The firm is focused on acquiring and building brands. Its product offerings include a variety of pasta sauces, dry pasta, soups, frozen entrees, frozen pizza, and yogurts, all of which are sold in North America under the brand names Rao’s, Michael Angelo’s and noosa. Rao’s brand offers a selection of Rao’s Homemade pasta sauces, including tomato-based sauces, Alfredo sauces and Pesto sauces, pizza sauces and dry pastas; Rao’s Homestyle meat-based pasta sauces; and Rao’s Made for Home frozen entrees, frozen pizza and soups. Michael Angelo’s frozen products include a variety of dishes, such as eggplant parmesan, lasagna made with fresh Ricotta cheese, shrimp scampi and other pastas, for a homemade taste. noosa brand offers a suite of delicious yogurt products, including spoonable yogurts and drinkable smoothies. The company sells its products to customers in the United States and principally to retail outlets and wholesale distributors.

Industry: Food and Kindred Products Peers: B&G Foods Inc Beyond Meat Inc BRC Inc UTZ Brands Inc Freshpet Inc Hain Celestial Group Inc Mondelez International Inc Mission Produce Inc TreeHouse Foods, Inc.

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