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Private company

Sovos Brands, Inc.

In its 2024 annual report the company says: “Sovos Brands is a growth-oriented consumer-packaged food company with a portfolio of brands aimed at bringing today’s consumers great tasting food that fits the way they live. Our leadership team has extensive experience managing portfolios of global brands at some of the most respected consumer packaged goods companies.”4 It is headquartered in Louisville, Colorado.1

Last updated Oct 21, 2026.

Overview

  • IndustryFood and Kindred Products1
  • HeadquartersLouisville, Colorado1
  • Incorporated inDE2
  • Business address168 Centennial Parkway, Suite 200, Louisville, Co 800272
  • Filer categoryLarge accelerated filer2

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Sovos Brands is a growth-oriented consumer-packaged food company with a portfolio of brands aimed at bringing today’s consumers great tasting food that fits the way they live.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

29.9%Gross margin5
7.9%Operating margin5
3.0%Net margin5
16.2%Revenue growth, 20235
5.7%Return on equity5
0.91×Debt to equity5
$93.5MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue70¢$714.9M
  • Research and development1¢$9.2M
  • Selling, general and admin20¢$200.8M
  • Other costs1¢$6.4M
  • Interest4¢$42.6M
  • Income tax2¢$16.3M
  • Profit3¢$30.2M

Out of $1.0B in revenue.5

Where each dollar of operating cash went, fiscal 2023

  • Capital spending11¢$11.9M
  • Kept or used elsewhere89¢$93.5M

Out of $105.3M of cash from operations.5

Financial statements

Revenue675$1.0B in 2023+163% since 2019
0$500.0M$1.0B$1.5B2019: $388.0M$388.0M20192020: $560.1M$560.1M2020+44%2021: $719.2M$719.2M2021+28%2022: $878.4M$878.4M2022+22%2023: $1.0B$1.0B2023+16%
Gross profit675$305.5M in 2023+171% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $112.6M$112.6M20192020: $186.8M$186.8M2020+66%2021: $220.8M$220.8M2021+18%2022: $246.7M$246.7M2022+12%2023: $305.5M$305.5M2023+24%
Operating income675$80.6M in 2023
-$50.0M0$50.0M$100.0M2019: -$22.8M-$22.8M20192020: $37.4M$37.4M20202021: $36.5M$36.5M2021−2%2022: -$38.5M-$38.5M20222023: $80.6M$80.6M2023
Net income675$30.2M in 2023
-$75.0M-$50.0M-$25.0M0$25.0M$50.0M2019: -$27.1M-$27.1M20192020: $10.8M$10.8M20202021: $1.9M$1.9M2021−82%2022: -$53.5M-$53.5M20222023: $30.2M$30.2M2023
Fiscal year201820192020202120222023
Revenue$388.0M6$560.1M7$719.2M5$878.4M5$1.0B5
Cost of revenue$275.4M6$373.3M7$498.4M5$631.7M5$714.9M5
Gross profit$112.6M6$186.8M7$220.8M5$246.7M5$305.5M5
Research and development$3.6M7$5.1M5$6.7M5$9.2M5
Selling, general and admin$94.5M6$124.6M7$135.1M5$163.0M5$200.8M5
Operating expenses$184.3M5$285.2M5$224.9M5
Operating income-$22.8M6$37.4M7$36.5M5-$38.5M5$80.6M5
Interest$23.0M6$19.9M6$31.0M5$28.9M5$42.6M5
Income before tax$5.6M5-$66.3M5$46.5M5
Income tax-$18.6M6$6.7M7$3.7M5-$12.9M5$16.3M5
Net income-$27.1M6$10.8M7$1.9M5-$53.5M5$30.2M5
Earnings per share-$0.376$0.157$0.025-$0.535$0.305
Earnings per share (diluted)-$0.376$0.147$0.025-$0.535$0.295
Shares (weighted, basic)80.6M shares5100.9M shares5101.3M shares5
Shares (weighted, diluted)80.6M shares5100.9M shares5103.1M shares5

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Corporate structure

Sovos Brands, Inc. sits at the top of its group. 9 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sovos Brands, Inc.

  • Sovos Brands, Inc. Louisville, Colorado
    • Bottom Line Food Processors, Inc. Subsidiary · Delaware, United States
    • Noosa Acquirer, Inc. Subsidiary · Delaware, United States
    • Noosa Holdings, Inc. Subsidiary · Delaware, United States
    • Noosa Intermediate, Inc. Subsidiary · Delaware, United States
    • Noosa Yoghurt, LLC Subsidiary · Colorado, United States
    • Rao’s Specialty Foods, Inc. Subsidiary · New York, United States
    • Sovos Brands Holdings, Inc. Subsidiary · Delaware, United States
    • Sovos Brands Intermediate, Inc. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sovos Brands, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$64.7M5 Dec 30, 2023$64.3M5 Dec 31, 2022+0.6%
Finance-lease assets$6.4M5 Dec 30, 2023$6.0M5 Dec 31, 2022+5.4%
Operating-lease assets (leased space)$11.4M5 Dec 30, 2023$13.3M5 Dec 31, 2022−14.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$232.0M5 Dec 30, 2023$138.7M5 Dec 31, 2022+67.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$395.4M5 Dec 30, 2023$395.4M5 Dec 31, 20220%
Intangible assets, net (excluding goodwill)$329.1M5 Dec 30, 2023$351.5M5 Dec 31, 2022−6.4%
Finite-lived intangibles, gross$309.0M5 Dec 30, 2023$405.3M5 Dec 31, 2022−23.8%
Accumulated amortization$132.9M5 Dec 30, 2023$120.9M5 Dec 31, 2022+9.9%
Finite-lived intangibles, net$176.1M5 Dec 30, 2023$198.5M5 Dec 31, 2022−11.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$95.5M5 Dec 30, 2023$92.6M5 Dec 31, 2022+3.1%
Finished goods$82.8M5 Dec 30, 2023$76.4M5 Dec 31, 2022+8.4%

Leadership

Who has led Sovos Brands, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Todd R. Lachman2021–2024

President

  1. Todd R. Lachman2021–2023
  2. Yuri Hermida2024

Chief operating officer

  1. Kirk A. Jensen2022–2024
2025
Board members and other officers (23)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Bottom Line Food Processors, Inc. Delaware3
  • Noosa Acquirer, Inc. Delaware3
  • Noosa Holdings, Inc. Delaware3
  • Noosa Intermediate, Inc. Delaware3
  • Noosa Yoghurt, LLC Colorado3
  • Rao’s Specialty Foods, Inc. New York3
  • Sovos Brands Holdings, Inc. Delaware3
  • Sovos Brands Intermediate, Inc. Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Mar 12, 20248-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer34
  2. Feb 28, 20248-K Results of operations35
  3. Feb 13, 20248-K Regulation FD disclosure36
  4. Dec 5, 20238-K Executive or director change; Regulation FD disclosure37
  5. Nov 8, 20238-K Results of operations38
  6. Oct 23, 20238-K Regulation FD disclosure39
  7. Oct 16, 20238-K Shareholder vote; Regulation FD disclosure40
  8. Aug 7, 20238-K Entered a material agreement; Results of operations; Regulation FD disclosure41
  9. Jun 12, 20238-K Shareholder vote42
  10. May 19, 20238-K Other events43
  11. May 10, 20238-K Results of operations44
  12. Mar 8, 20238-K Results of operations45
  13. Sep 23, 2021New chief executive Todd R. Lachman becomes CEO11

Calendar

When it reported results

  1. Feb 28, 2024Reported quarterly or annual results35
  2. Nov 8, 2023Reported quarterly or annual results38
  3. Aug 7, 2023Reported quarterly or annual results41
  4. May 10, 2023Reported quarterly or annual results44
  5. Mar 8, 2023Reported quarterly or annual results45
  6. Nov 2, 2022Reported quarterly or annual results46
  7. Aug 3, 2022Reported quarterly or annual results47
  8. May 4, 2022Reported quarterly or annual results48

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

241 filings to the SEC since October 2021: 5 annual reports, 7 quarterly reports, 27 major events, 122 insider forms, 10 large holders, 70 other. The latest 20:

  1. Mar 22, 202415-12G EDGAR
  2. Mar 15, 20244/A EDGAR
  3. Mar 14, 20244 EDGAR
  4. Mar 14, 20244 EDGAR
  5. Mar 14, 20244 EDGAR
  6. Mar 14, 20244 EDGAR
  7. Mar 14, 20244 EDGAR
  8. Mar 14, 20244 EDGAR
  9. Mar 14, 20244 EDGAR
  10. Mar 14, 20244 EDGAR
  11. Mar 14, 20244 EDGAR
  12. Mar 14, 20244 EDGAR
  13. Mar 14, 20244 EDGAR
  14. Mar 14, 20244 EDGAR
  15. Mar 14, 20244/A EDGAR
  16. Mar 14, 20244 EDGAR
  17. Mar 14, 20244 EDGAR
  18. Mar 14, 20244 EDGAR
  19. Mar 14, 20244 EDGAR
  20. Mar 14, 20244 EDGAR

The 241 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

87 open-market trades by officers, directors and large owners since October 2021: 0 buys and 87 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 12, 2024Hermida YuriPRESIDENTSale5,979$22.26$133.1KForm 4
Feb 12, 2024Jensen Kirk A.CHIEF OPERATING OFFICERSale2,785$22.26$62.0KForm 4
Feb 12, 2024Cretella RisaCHIEF SALES OFFICERSale3,363$22.26$74.9KForm 4
Feb 12, 2024LACHMAN TODD RCEOSale13,255$22.26$295.1KForm 4
Feb 12, 2024O'Driscoll Lisa Y.CHIEF ADMINISTRATIVE OFFICERSale1,397$22.26$31.1KForm 4
Feb 12, 2024Gvazdinskas KatieCHIEF HUMAN RESOURCES OFFICERSale1,624$22.26$36.1KForm 4
Jan 16, 2024O'Driscoll Lisa Y.CHIEF ADMINISTRATIVE OFFICERSale1,276$22.09$28.2KForm 4
Jan 16, 2024Jensen Kirk A.CHIEF OPERATING OFFICERSale12,802$22.09$282.8KForm 4
Jan 16, 2024Cretella RisaCHIEF SALES OFFICERSale7,627$22.09$168.5KForm 4
Jan 16, 2024Gvazdinskas KatieCHIEF HUMAN RESOURCES OFFICERSale1,607$22.09$35.5KForm 4
Jan 16, 2024Jones Isobel ACLO, GC AND SECRETARYSale7,522$22.09$166.2KForm 4
Jan 16, 2024Hall Christopher W.CHIEF FINANCIAL OFFICERSale3,843$22.09$84.9KForm 4
Jan 16, 2024LACHMAN TODD RCEOSale9,478$22.09$209.4KForm 4
Dec 6, 2023Hall Christopher W.CHIEF FINANCIAL OFFICERSale67,284$21.96$1.5MForm 4
Oct 26, 2023Hermida YuriPRESIDENTSale40,837$21.65$884.1KForm 4
Sep 11, 2023LACHMAN TODD RCEOSale6,250$22.53$140.8KForm 4
Aug 28, 2023LACHMAN TODD RCEOSale56,250$22.53$1.3MForm 4
Aug 14, 2023LACHMAN TODD RCEOSale56,250$22.55$1.3MForm 4
Aug 11, 2023LACHMAN TODD RCEOSale56,250$22.56$1.3MForm 4
Jul 17, 2023LACHMAN TODD RCEOSale56,250$18.50$1.0MForm 4

All 87 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Sovos Brands, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSovos Brands, Inc.1
  • CIK0001856608
  • Filer statusLarge accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsJuly 281
  • Industry code (SIC)2000 Food and Kindred Products1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address168 Centennial Parkway, Suite 200, Louisville, CO 800271
  • Phone(702) 316-12251
  • Shares outstanding101,856,379 as of Feb 23, 202454
  • Public float$1.1B as of Jun 30, 202354
  • On EDGAR sinceApr 16, 20211
  • Filings288 in all: 4 (113), 144 (35), 8-K (27), 3 (25), 10-Q (7), CORRESP (7), DEFA14A (7), UPLOAD (6)1
    All 38 form types

    144/A (5), SC 13G/A (5), 4/A (4), EFFECT (4), SC 13G (4), 10-K (3), DRSLTR (3), S-1/A (3), 10-K/A (2), 424B4 (2), DEF 14A (2), DRS (2), DRS/A (2), FWP (2), S-1 (2), S-8 POS (2), 15-12G (1), 25-NSE (1), 3/A (1), 424B7 (1), 8-A12B (1), 8-K/A (1), ARS (1), CERT (1), DEFM14A (1), POS AM (1), PREM14A (1), S-3 (1), S-8 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 28, 2024
    Quarterly report (10-Q) Nov 8, 2023
    Proxy statement (DEF 14A) Apr 27, 2023
    Latest 8-K (8-K) Mar 12, 2024

Sources

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