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Campbell Soup Company (NYSE:CPB) reports fourth-quarter results ahead of the opening bell on Thursday and analysts are already factoring in a decline in...
Campbell Soup spent $2.7 billion on Sovos Brands, which owns Rao's sauces, in part because the tomato sauce is such a big hit with home cooks.
Fans are worried, but the soup maker says it won't touch the sauce.
Sovos Brands, Inc. (NASDAQ:SOVO – Get Free Report) CEO Todd R. Lachman sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $22.56, for a total transaction of $1,015,200.00. Following the completion of the sale, the chief executive officer now […]
The brand's parent company was acquired by Campbell Soup for that whopping sum, thanks in part to the sauce's popularity with home cooks.