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The Rao's brand hauled in $775 million in sales alone, up 37% from a year ago. Campbell's share price has been down 19% in the past year compared to the S&P 500's ( ^GSPC ) 34% gain.
Rao's pasta sauce originated from the 1896 opening of the infamous Rao's restaurant in New York City. As the restaurant's popularity grew to the point where reservations were tough to come by, the ...
3. White Truffle Marinara. $16.99 from Rao's. Shop Now. Oftentimes, truffle-flavored things are a little more rich than I can handle. I'm certainly not going to accuse this sauce of that, since it ...
Rao's (/ ˈ r eɪ oʊ z /) [citation needed] is an Italian-American restaurant founded in 1896. It is located at 455 East 114th Street, on the corner of Pleasant Avenue in East Harlem (or Italian Harlem ), New York City .
Rao's Homemade was 69 percent of Sovos' adjusted net sales in 2022, and its net sales in 2022 were 34.9% more than those in 2021. [2] Lachman said Sovos has done well during the current inflationary period; consumers have bought more consumer products as opposed to dining out.
The Campbell’s Company, which bought the premium sauce brand as part of a $2.7 billion deal last year, is thrusting Rao’s Homemade into the spotlight at the annual event that last year drew a ...
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CAMDEN - Campbell Soup Co. has completed its $2.7 billion acquisition of Sovos Brands Inc., the producer of Rao's pasta sauce. The all-cash purchase offers "a substantial runway for sustained ...
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