Advantage Solutions

Advantage Solutions, Inc. is a business solutions provider, which is committed to driving growth for consumer goods manufacturers and retailers through winning insights and execution. It operates through the following segments: Sales and Marketing. The company was founded by Sonny King in 1987 and is headquartered in Irvine, CA.

Earnings data Q1 2024

ADV reports strong Q1 earnings, focuses on debt reduction

ADV's Q1 2023 earnings call highlights strong financial performance, successful recruiting efforts, and a focus on debt reduction. However, the company faces challenges related to labor constraints and managing debt. Despite these challenges, ADV has opportunities to invest in operational efficiency and further strengthen its workforce.

Advantage Solutions reports solid Q2 earnings, focuses on culture and growth opportunities

Advantage Solutions delivered solid revenue growth but faced challenges in EBITDA performance. The company's focus on culture, diversity, and technology investment positions it for long-term success. Opportunities in sampling business recovery and pricing power are key areas of focus for future growth.

Advantage Solutions reports 4.3% revenue growth and focuses on operational efficiency

Advantage Solutions is confident in the trajectory of the business and is committed to generating cash, managing the balance sheet strategically, and enhancing value for shareholders. The company expects adjusted EBITDA around the upper end of the guidance range of $400 million to $420 million for the full year 2023.

ADV exceeds Q4 guidance, eyes growth through strategic partnerships

ADV's Q4 2023 performance showcased strong financial results, strategic partnerships, and operational improvements. With a focus on revenue and adjusted EBITDA growth in 2024, supported by investments in technology and talent, ADV is poised for continued success. Challenges related to inflation and client exits are being addressed through strategic initiatives.

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Advantage Solutions, Inc. is a business solutions provider, which is committed to driving growth for consumer goods manufacturers and retailers through winning insights and execution. It operates through the following segments: Sales and Marketing. The company was founded by Sonny King in 1987 and is headquartered in Clayton, MO.

BENTONVILLE, Ark.--(BUSINESS WIRE)--Crisp, the open data retail platform, announced today the appointment of Dirk Herdes as SVP Sales and General Manager of its operations in Bentonville, Arkansas. This strategic hire underscores Crisp's commitment to the rapidly growing Northwest Arkansas region, which is home to Walmart and its thousands of suppliers. Crisp aims to drive additional growth in this area, which is central to the retail and CPG industries. The appointment of Herdes marks a signif.

Dirk Herdes, Former Nielsen SVP, Joins Crisp as General Manager and SVP Sales to Lead Northwest Arkansas Operations and Retail Strategy

IRVINE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Adlucent, a leading performance media, analytics, and data agency and Advantage Solutions Inc. company, proudly announces the launch of its cutting-edge BEACON application on Google Cloud Marketplace. BEACON enables digital marketers to bring together their first-party data with their data stored in BigQuery, and provides another means to easily implement Google's enhanced conversions via the Google Ads API, offering optimal flexibility and control over advertiser data. With BEACON, advertisers can benefit from privacy-focused data controls over their first-party data and inform marketing and advertising campaigns with more complete data, helping companies achieve above-and-beyond results for their digital marketing campaigns and maximize revenue potential.

Adlucent Unveils BEACON Application on Google Cloud Marketplace, Expanding Client Solutions

Advantage Solutions Inc. (NASDAQ:ADV) Q4 2023 Earnings Conference Call February 29, 2024 8:30 AM ET

Advantage Solutions Inc. (ADV) Q4 2023 Earnings Call Transcript

Advantage Solutions Inc. (ADV) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.49 per share a year ago.

Advantage Solutions Inc. (ADV) Lags Q4 Earnings and Revenue Estimates

IRVINE, Calif., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage,” “Advantage Solutions,” the “company,” “we” or “our”), a leading provider of sales and marketing services to consumer goods manufacturers and retailers, today reported financial results for its fourth quarter and fiscal full year ended December 31, 2023. The results continue to reflect a trendline of improving financial performance and progress executing its transformation strategy.

Advantage Solutions exceeded 2023 financial guidance with solid fourth-quarter performance and expects continued growth in 2024

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Wall Street Favorites: 7 Penny Stocks With Strong Buy Ratings for February 2024

IRVINE, Calif., Feb. 09, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (Nasdaq: ADV) announced today that the company will release its fourth quarter and full-year 2023 results at 7 a.m. ET on Feb. 29, 2024, to be followed by a conference call at 8:30 a.m. ET on the same day.

Advantage Solutions Announces Date and Conference Call for Fourth Quarter and Full Year 2023 Financial Results

Genpact

Genpact's data, technology, and AI prowess combined with Advantage Solutions' consumer goods industry expertise to drive scalable innovation and enhanced experiences Innovative go-to-market model creates a new enterprise-wide technology platform with Salesforce NEW YORK , Jan. 31, 2024 /PRNewswire/ -- Genpac t (NYSE: G), a global professional services firm focused on delivering outcomes that transform businesses, announced a new multi-year engagement with Advantage Solutions (NASDAQ: ADV), a leading provider of sales and marketing services to consumer goods manufacturers and retailers. Combining Genpact's domain, process, and technology expertise, with Advantage Solutions' extensive industry experience, and leading technology platforms like Salesforce, provides solutions to foster competitive advantages and growth for global consumer goods companies.

Genpact Teams with Advantage Solutions, Leveraging AI to Transform Consumer Goods Operations at Scale

IRVINE, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV), a leading provider of sales and marketing services to consumer goods manufacturers and retailers, today announced it has entered into two separate agreements with third-party technology companies to optimize and streamline a host of business process and administrative functions.

Advantage Solutions Streamlines Business and Technology Services Through New Agreements With Genpact and Tata Consultancy Services

IRVINE, Calif., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV), a leading provider of sales and marketing services to consumer goods manufacturers and retailers, today announced it has sold its collection of foodservice businesses, most notably Waypoint, to Prospect Hill Growth Partners, L.P.

Advantage Solutions Further Simplifies Portfolio by Selling Its Collection of Foodservice Businesses to Prospect Hill Growth Partners to Form Acxion Foodservice

IRVINE, Calif., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Adlucent, a leading performance media, analytics and data agency and Advantage Solutions Inc. company, announced today that it has joined the Google Cloud Partner program as a technology, reseller and service partner. Adlucent's partnership with Google Cloud enhances the agency's ability to help clients outperform their goals and achieve maximum return on investment (ROI) on their digital marketing campaigns.

Adlucent achieves Google Cloud Partner status, strengthening client solutions

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IRVINE, Calif., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV), a leading provider of sales and marketing services to consumer goods manufacturers and retailers, today announced a plan to streamline and restructure its international businesses in an effort to sharpen its focus on core markets and accelerate growth. The changes will reduce back-office complexities and expenses, simplify financial reporting, eliminate losses in certain Asian businesses and enable the company to trade a minority interest in a foreign business for shares of Advantage stock.

Advantage Solutions simplifies international footprint as the company continues to refocus on its core business and accelerate growth

NEW YORK , Dec. 5, 2023 /PRNewswire/ -- Leading boutique investment bank Two Roads Advisors has represented two well-known consumer brands on their successful exits to buyers in November, selling slime and compounds maker WeCool Toys (Compound Kings) to Paladone, a portfolio company of private equity firm IVEST Consumer Partners and premium skincare brand QRx to Amazon aggregator Forum Brands. These transactions mark Two Roads Advisors' eighth and ninth deals of 2023, a year in which the firm averaged a closed deal every six weeks.

Two Roads Advisors Successfully Represents Toy Brand WeCool and Skincare Brand QRx on Their Exits

Advantage Solutions' Q3 Advantage Outlook finds retailers and manufacturers expect 1–5% unit volume sales growth this holiday season, but market still tackling inflation and shrink issues Advantage Solutions' Q3 Advantage Outlook finds retailers and manufacturers expect 1–5% unit volume sales growth this holiday season, but market still tackling inflation and shrink issues

New survey shows majority of U.S. retailers and manufacturers predict strong 2023 holiday season

Daymon report reveals consumers shifting to private brands, spurring new product and retail innovation Daymon report reveals consumers shifting to private brands, spurring new product and retail innovation

Advantage Solutions releases 2023 Private Brand Intelligence Report

Distinction was awarded to honor gender diversity of Advantage's board of directors Distinction was awarded to honor gender diversity of Advantage's board of directors

Advantage Solutions named Corporate Champion by the Women's Forum of New York

Advantage Solutions Inc. (NASDAQ:ADV ) Q3 2023 Earnings Conference Call November 7, 2023 8:00 AM ET Company Participants Sean Choksi - Investor Relations and Strategy Dave Peacock - Chief Executive Officer Chris Growe - Chief Financial Officer Conference Call Participants Faiza Alwy - Deutsche Bank AG Jason English - Goldman Sachs Group, Inc. Operator Good morning and welcome to Advantage Solutions Third Quarter 2023 Earnings Call. Today's call is being recorded, and we have allocated one hour for prepared remarks and Q&A.

Advantage Solutions Inc. (ADV) Q3 2023 Earnings Call Transcript

IRVINE, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage,” “Advantage Solutions,” the “company,” “we” or “our”), a leading provider of sales and marketing services to consumer goods manufacturers and retailers, today reported financial results for its third quarter ended September 30, 2023. The results continue to reflect a trendline of improving financial performance for the company, with Adjusted EBITDA ahead of consensus estimates. Revenues for the quarter grew 4.3% year-over-year, or 5.8% excluding the impact of foreign exchange rates, acquisitions and divestitures, to $1.1 billion. Adjusted EBITDA for the quarter was $113.1 million, down 4.3% year-over year, which is in-line with prior quarters this year. On a year-to-date basis, Advantage has generated $3.1 billion of revenues and $309.4 million of adjusted EBITDA.

Advantage Solutions announces solid third quarter results that surpass consensus estimates and provides outlook for the remainder of the year

Crisp to serve as the data acquisition technology platform for Advantage Solutions' clients Crisp to serve as the data acquisition technology platform for Advantage Solutions' clients

Crisp Acquires Atlas Technology Group from Advantage Solutions to Empower CPG Brands with Better Data

IRVINE, Calif., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (Nasdaq: ADV) today announced the company will release its third quarter 2023 results at 7 a.m. ET on Nov. 7, 2023, to be followed by a conference call at 8 a.m. ET on the same day.

Advantage Solutions Announces Third Quarter 2023 Financial Results Release Date and Conference Call

Advantage Solutions Inc. is a $980-million market cap company that provides outsourced solutions to consumer goods companies and retailers in North America and internationally. In Q2 FY2023, ADV reported revenue growth of 5.7% YoY increase, and adjusted EBITDA at $104 million. But net income turned into a net loss due to increased costs. If the management succeeds in what it promised, I think ADV's equity value should be ~$1,179 million at 7x EV/EBITDA - that's 21% more than its current market cap.

Advantage Solutions Stock: Undervalued, But Still Risky

Advantage Solutions' annual consumer Halloween survey reveals the impact of societal and economic trends on shopper preferences and behavior Advantage Solutions' annual consumer Halloween survey reveals the impact of societal and economic trends on shopper preferences and behavior

New survey shows that 41% of all U.S. shoppers say inflation will impact their plans to buy Halloween candy

Advantage Solutions Inc. (ADV) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Advantage Solutions Inc. (ADV) Upgraded to Buy: What Does It Mean for the Stock?

Here is how Advantage Solutions Inc. (ADV) and APi (APG) have performed compared to their sector so far this year.

News for Advantage Solutions Stock (ADV)