Welcome to our dedicated page for Advantage Solutions news (Ticker: ADV), a resource for investors and traders seeking the latest updates and insights on Advantage Solutions stock.
Advantage Solutions Inc. (ADV) provides essential updates for stakeholders tracking this leader in outsourced CPG sales and retail solutions. This page aggregates official announcements, financial disclosures, and strategic developments critical for understanding the company’s market position.
Access curated press releases spanning earnings results, merchandising partnerships, and technology initiatives, alongside analyses of operational milestones. Investors gain a centralized hub for monitoring ADV’s progress in retail execution and digital commerce innovation.
Content is rigorously updated to include material events like client expansions, leadership updates, and service portfolio enhancements. Bookmark this page for streamlined access to verified information supporting informed analysis of ADV’s performance in global retail markets.
Advantage Solutions Inc. (NASDAQ: ADV) has appointed Dean General as the new Chief Operating Officer of its Branded Services business unit, effective March 24, 2025. General, bringing over 30 years of consumer goods industry experience, will replace Jack Pestello, who is departing May 1 to pursue other retail leadership opportunities.
General joins from Henkel Consumer Brands, where he served as general manager of retailer brands and senior VP of commercial development. His previous roles include Chief Commercial Officer at Treehouse Foods and leadership positions at Newell Brands, Kraft Heinz, Nabisco, and General Mills.
In his new role, General will oversee Advantage's business unit that provides strategic sales and marketing services to consumer-packaged goods companies, including retail merchandising and omnichannel marketing. He will focus on leveraging the company's retail connectivity, technology, and network scale to enhance productivity and drive growth.
Advantage Solutions (NASDAQ: ADV) reported its Q4 and full-year 2024 financial results, showing mixed performance. Q4 revenues decreased to $892.3M from $991.9M, with organic revenues declining 2.4%. However, Q4 Adjusted EBITDA grew 8.9% to $94.6M.
For the full year 2024, revenues were $3,566.3M compared to $3,900.1M in 2023, though organic revenues increased 1%. The company reported a net loss of $378.4M for 2024, compared to an $81.2M loss in 2023. Annual Adjusted EBITDA increased 1.1% to $356.0M.
The company demonstrated financial discipline through voluntary debt repurchases of $158M and share buybacks of $34M in 2024. Advantage Solutions maintained strong performance in Experiential Services and Retailer Services, while adjusting Branded Services to match market demand.
Advantage Solutions (NASDAQ: ADV) has scheduled its fourth quarter and full year 2024 financial results announcement for March 7, 2025. The company will release its financial results at 7 a.m. ET, followed by a conference call at 8:30 a.m. ET.
Investors can access the conference call by dialing 1-800-225-9448 (US) or 1-203-518-9708 (international) using conference ID ADVQ4. A replay will be available until March 14, 2025, by dialing 1-844-512-2921 (US) or 1-412-317-6671 (international) with passcode 11158219. Additionally, a simultaneous webcast will be available on the company's Investor Relations website at ir.youradv.com/.
Advantage Solutions (NASDAQ: ADV) has appointed George Johnson as chief workforce operations officer, effective Dec. 31. Johnson will join the executive leadership team, reporting to CEO Dave Peacock. In this newly created position, he will oversee Advantage's workforce strategy for frontline workers, including talent acquisition, enablement, and safety across 100,000+ retail stores.
Johnson joins from Sysco Corp., where he served as president of the Carolinas region. Previously, he held leadership roles at Aramark and Aramark Healthcare, where he improved operational performance and teammate satisfaction as vice president of operations. The Brooklyn native and Lamar University graduate will focus on enhancing field execution, efficiency, and teammate experience to support Advantage's growth strategy.
Advantage Solutions (NASDAQ: ADV) has been named to Chief Marketer's 2025 Top Agencies of the Year, highlighting its transformation under the 'One Advantage' model supporting omnicommerce, brand activation, and experiential marketing solutions. The company serves over 4,000 clients across 100,000+ retail locations in the U.S. and Canada, employing 70,000 teammates. As the No. 1 global provider of experiential marketing services, Advantage delivers various omnichannel solutions and manages end-to-end sales execution for multiple brands in Amazon stores. The company's subsidiary, Advantage Unified Commerce (AUC), Amazon's largest full-service partner, received Amazon's Gold Tier recognition. Additionally, Advantage ranked as the 16th largest agency company worldwide and 7th largest in North America in the 2024 Ad Age Agency Report.
Advantage Solutions (NASDAQ: ADV) has announced strategic partnerships with Feeding America and the Urban League of Metropolitan St. Louis, with investments totaling over $750,000. The company will donate the equivalent of 2.5 million meals through Feeding America's Food Security Equity Impact Fund with a $250,000 investment. Additionally, ADV will contribute $500,000 over five years to the Urban League's Save Our Sisters program, supporting comprehensive services for women.
These initiatives align with Advantage's Belonging & Impact strategy, focusing on community engagement and economic mobility. The company, which recently relocated its headquarters to St. Louis, will also participate in Urban League career fairs and expand employee volunteering programs across the U.S. in 2025.
Advantage Solutions (NASDAQ: ADV) reported its Q3 2024 financial results, showing mixed performance. Revenues decreased to $939.3 million from $1,019.7 million year-over-year, while net loss widened to $37.3 million from $29.6 million. However, organic revenues grew by 2.4%, driven by strength in Experiential Services, and Adjusted EBITDA increased 8.1% to $101 million. The company maintained its focus on capital allocation, with $80 million in debt repayment and $13 million in share repurchases. Management remains committed to achieving low single-digit growth in 2024 revenues and Adjusted EBITDA on a continuing operations basis.
Advantage Solutions (NASDAQ: ADV) has scheduled its third-quarter 2024 financial results release for November 7, 2024 at 7 a.m. ET. A conference call will follow at 8:30 a.m. ET. Participants can join via phone (1-800-343-4136 for domestic, 1-203-518-9843 for international) using conference ID ADVQ3. A replay will be available until November 14 and can be accessed at 1-844-512-2921 (US) or 1-412-317-6671 (international) with passcode 11156956. A simultaneous webcast will be available on the company's Investor Relations website.
Advantage Solutions Inc. (NASDAQ: ADV) has announced its participation in the Wells Fargo 7th Annual Consumer Conference on September 18, 2024, in Dana Point, California. Chris Growe, the company's Chief Financial Officer, will be meeting with investors at the event. This conference provides an opportunity for Advantage Solutions to engage with potential investors and discuss their business strategies and financial performance.
Interested parties who wish to attend the conference or schedule a meeting with Advantage Solutions are advised to contact their Wells Fargo representative for more information and arrangements. This event offers a platform for investors to gain insights into Advantage Solutions' operations and future prospects directly from the company's financial leadership.
Advantage Solutions Inc. (NASDAQ: ADV) has unveiled a comprehensive rebrand, transitioning to a unified retail solutions company. The new brand identity reflects Advantage's position at the center of brands, retailers, and shoppers, emphasizing its full suite of omnicommerce solutions. This rebranding marks a significant milestone in Advantage's multi-year transformation, simplifying its structure and streamlining operations.
The company has re-segmented its operations into three business units, collaborating to deliver five core differentiated solutions: Insights and Sales Growth, Product, Aisle and Shelf Reinvention, Brand and Retail Execution, Omnicommerce and Experiential Marketing, and Private Brand Solutions. This unified approach aims to enhance efficiency and effectiveness in serving over 4,000 clients and 100,000 retail locations in North America.
