| of sovos Brands outperformed the S P 500 |
4.32 |
Jump to 7.62 |
PERSON
Brands
ORG
the S P
|
| so far in 2023 even as inflationary |
4.619 |
Jump to 9.48 |
DATE
2023
|
| first and foremost walk us through the |
4.179 |
Jump to 20.6 |
ORDINAL
first
|
| first and foremost couldn't be more |
3.6 |
Jump to 32.88 |
ORDINAL
first
|
| first quarter |
4.32 |
Jump to 36.48 |
DATE
first quarter
|
| um growth 27 volume-led highly |
5.099 |
Jump to 37.8 |
CARDINAL
27
|
| up 16 price up 11 so we're seeing nice |
6 |
Jump to 42.899 |
CARDINAL
16
CARDINAL
11
|
| than offset inflation with ebitda of 30 |
6.12 |
Jump to 51.18 |
CARDINAL
30
|
| midpoint uh projecting around 16 15 Top |
6.36 |
Jump to 65.22 |
|
| Line growth 16 bottom line growth and |
4.08 |
Jump to 69.06 |
CARDINAL
16
|
| Rayos brand grew 38 in the quarter LTM |
6.3 |
Jump to 80.04 |
CARDINAL
38
DATE
the quarter
ORG
LTM
|
| that brand now is over 600 million |
5.119 |
Jump to 84 |
CARDINAL
600 million
|
| 618 LTM up 40 year on year driven first |
8.14 |
Jump to 89.119 |
CARDINAL
618
DATE
40 year
|
| the last three years and again this |
3.96 |
Jump to 103.92 |
DATE
the last three years
|
| penetration level 13 is well below |
4.62 |
Jump to 107.88 |
CARDINAL
13
|
| several of our peers which is above 30 |
4.979 |
Jump to 110.28 |
CARDINAL
30
|
| 20 of the Rayos franchise and that would |
4.92 |
Jump to 119.1 |
CARDINAL
20
|
| a second you know that combined |
5.88 |
Jump to 127.74 |
ORDINAL
second
|
| non-sauce business grew 46 percent in in |
6.281 |
Jump to 129.619 |
PERCENT
46 percent
|
| 38 38 net sales high 20s from a |
6.36 |
Jump to 173.879 |
CARDINAL
38 38
DATE
20s
|
| penetration is 13 but that's really |
3.48 |
Jump to 185.28 |
CARDINAL
13
|
| standpoint we've been approaching 90 ACB |
5.399 |
Jump to 188.76 |
CARDINAL
90
ORG
ACB
|
| two years ago so from a distribution |
5.341 |
Jump to 194.159 |
DATE
two years ago
|
| distribution during the quarter of 22 |
5.819 |
Jump to 213.84 |
DATE
the quarter
CARDINAL
22
|
| went up of the Rayos brand went from 48 |
5.761 |
Jump to 221.159 |
PERSON
Rayos
CARDINAL
48
|
| percent up to 58 but still I mean |
4.921 |
Jump to 223.799 |
CARDINAL
58
|
| there's five or six sauce brands that |
4.08 |
Jump to 226.92 |
CARDINAL
five
CARDINAL
six
|
| have awareness above 90 and that's what |
4.68 |
Jump to 228.72 |
|
| only seven percent you know because of |
4.919 |
Jump to 240.18 |
PERCENT
only seven percent
|
| our price point our penetration 13 |
7.021 |
Jump to 242.519 |
CARDINAL
13
|
| versus 30 awareness 58 versus 90 and our |
7.261 |
Jump to 245.099 |
CARDINAL
30
CARDINAL
58
CARDINAL
90
|
| average number of items is 14 versus 20 |
4.619 |
Jump to 249.54 |
CARDINAL
14
CARDINAL
20
|
| uh greater than 20 for several of our |
3.719 |
Jump to 252.36 |
CARDINAL
greater than 20
|
| large Market means roughly seven billion |
5.4 |
Jump to 276.72 |
MONEY
roughly seven billion
|
| least a two share uh in all the |
3.72 |
Jump to 282.12 |
CARDINAL
two
|
| we're a two share a little bit over a |
3.359 |
Jump to 285.84 |
CARDINAL
two
|
| two share of soup now approaching a two |
5.22 |
Jump to 287.46 |
CARDINAL
two
CARDINAL
two
|
| we're in four retailers for about seven |
4.799 |
Jump to 345.9 |
CARDINAL
four
CARDINAL
about seven
|
| launch which is the fifth category now |
4.68 |
Jump to 356.34 |
ORDINAL
fifth
|
| brand in 2017. that's a lot of taste |
3.96 |
Jump to 363.12 |
DATE
2017
|
| fifth or sixth month of that taste |
3.78 |
Jump to 367.08 |
DATE
fifth or sixth month
|