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 2021

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Advantage Solutions reports record revenue in 2022, eyes strategic growth

Advantage Solutions delivered record revenue in 2022, focusing on core strengths like talent management and balance sheet strength while addressing challenges like labor shortages and inflation.
The company's fiscal 2023 outlook emphasizes strategic guidance, potential divestitures, and a proactive approach to managing uncertainties in the market.
Under new leadership, Advantage Solutions is poised to leverage opportunities for growth through acquisitions, pricing strategies, and talent optimization, reinforcing confidence in its future.

Advantage Solutions reports robust Q1 performance and optimistic 2023 outlook

Advantage Solutions delivered a strong performance in Q1 2023, showcasing revenue growth, improved cash flow, and strategic workforce expansion.
The company's focus on profitability, debt reduction, and client satisfaction positions it well for long-term success despite potential challenges.
With a positive outlook for 2023 and a commitment to operational excellence, Advantage Solutions is poised to capitalize on growth opportunities and drive value for stakeholders.

Advantage Solutions reports robust Q2 earnings, eyes growth strategies

Advantage Solutions delivered strong financial results in Q2 2023, driven by revenue growth strategies and operational improvements.
The company's investments in technology, talent, and market insights position them well to capitalize on growth opportunities.
Challenges in labor shortages and cost inflation require ongoing attention, but Advantage's strategic focus and financial outlook remain positive.

Advantage Solutions surpasses Q3 revenue expectations, focuses on growth

Advantage Solutions delivered strong financial performance, exceeding revenue and EBITDA expectations, while addressing industry challenges through strategic initiatives.
The company's focus on technology modernization, talent management, and operational efficiency positions it well for sustainable growth and value creation.
Confidence in trajectory, essential services, and commitment to enhancing shareholder value highlight Advantage Solutions' strategic direction and resilience.

Advantage Solutions exceeds 2023 EBITDA guidance, focuses on growth

Advantage Solutions delivered strong financial performance in 2023, exceeding EBITDA guidance and focusing on core business growth. Investments in technology and talent position them for future success.
The company faces challenges in managing wage inflation and client exits while seizing opportunities in e-commerce and new partnerships for revenue growth. Strategic actions and financial discipline are key to navigating these dynamics.
Overall, Advantage Solutions remains confident in its value and growth potential, emphasizing organizational evolution and financial discipline to drive sustainable performance and shareholder value.

Advantage Solutions reports solid Q1 performance amidst market challenges

Advantage Solutions navigated Q1 2024 with a focus on debt reduction, share buybacks, and strategic investments in technology partnerships.
Despite challenges from market softness and declining client orders in Branded Services, the company remains committed to growth and innovation.
Renewals, new agreements, and a reaffirmed guidance for 2024 signal a resilient outlook with a strategic focus on long-term success.

Advantage Solutions reports resilient Q2 performance and strategic growth focus

Advantage Solutions delivered steady revenue growth and margin performance in Q2 2024, supported by strategic divestitures and cost management initiatives.
The company's focus on technology, segmentation, and talent investments underscores its commitment to innovation and client service excellence.
While facing challenges such as wage inflation and divestiture impacts, Advantage Solutions is well-positioned to leverage opportunities for growth and value creation.
By balancing cost optimization with strategic investments and debt reduction, the company aims to drive performance improvements and enhance shareholder returns.

Advantage Solutions reports revenue and EBITDA growth in Q3 2024

Advantage Solutions delivered solid financial performance in Q3 2024 with revenue and adjusted EBITDA growth driven by Experiential Services and Retailer Services. Transformation initiatives focused on technology and analytics aim to enhance client solutions.
Efforts on labor efficiency, technology utilization, and AI implementation are geared towards boosting productivity and cost savings. The company maintained its outlook for low single-digit revenue and adjusted EBITDA growth for the year.
Despite challenges in maintaining efficiency and managing costs amidst market competition, Advantage Solutions has opportunities to leverage technology, expand services, and explore new market avenues for growth.

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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.

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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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.

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SAN DIEGO--(BUSINESS WIRE)---- $ADV #AdvantageSolutionsInc--Robbins LLP Reminds Investors it is Investigating the Officers and Directors of Advantage Solutions Inc.

ADV Stockholders: Robbins LLP Reminds Investors it is Investigating the Officers and Directors of Advantage Solutions Inc.

SAN DIEGO--(BUSINESS WIRE)---- $ADV #AdvantageSolutionsInc--Robbins LLP is Investigating the Officers and Directors of Advantage Solutions Inc. on Behalf of Investors.

Advantage Solutions Inc. (ADV) Stock News: Robbins LLP is Investigating the Officers and Directors of Advantage Solutions Inc. on Behalf of Investors

Advantage Outlook reveals that consumer products companies are focusing on higher-end innovations, including health and wellness offerings and in- and at-home indulgences. Advantage Outlook reveals that consumer products companies are focusing on higher-end innovations, including health and wellness offerings and in- and at-home indulgences.

News for Advantage Solutions Stock (ADV)