Birch Benders brand drags Sovos into the red

LOUISVILLE —  Food-brands umbrella company Sovos Brands Inc. (Nasdaq: SOVO) significantly grew its sales during the fourth quarter of 2023, but its divestiture of the Birch Benders lines of waffle mix resulted in a higher year-over-year loss.

Sovos, which controls Noosa Yoghurt, Birch Bends, Roa’s line of pasta sauce and Michael Angelo’s frozen entrées, saw net sales of $262.1 million in the fourth quarter of last year, a 38.5% increase over the same period in the prior year. 

Sovos’ net loss for the fourth quarter of 2022 was $28.7 million, down from a loss of $3.8 million during the same period in…