Sovos bests Wall Street sales expectations in first quarter post-IPO

LOUISVILLE — Sovos Brands Inc. (Nasdaq: SOVO), a formerly California-based food-brand company that planted its headquarters flag in Louisville this year just before going public, saw its sales grow in the third quarter, the company’s first since its initial public offering in September. 

The company — owner of Colorado-born brands Noosa Yoghurt LLC and waffle mix maker Birch Benders LLC, along with Rao’s Homemade Sauce and Michael Angelo’s frozen italian meals — posted sales of $178.7 million, up from $136.9 million in the same period last year and besting the FactSet consensus estimate of $169.3 million. 

Despite stronger sales, Sovos…