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Why the market for expensive pasta sauce is expected to grow

Aug 8, 2023
The Campbell Soup Company is acquiring Sovos Brands, maker of Rao’s pasta sauce. It’s pricey, but with the economic future iffy, more people may decide to trade eating out for buying premium ingredients at home.
Campbell CEO argues that while Rao's sauce might seem expensive, it's affordable compared to going out to eat.
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Consumers turn to cheaper packaged foods — even at higher new prices — for inflation relief

Dec 8, 2022
Food companies say they're dealing with inflation themselves.
While Campbell’s sales grew last quarter, its costs were also up 18%.
Brandon Bell/Getty Images