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Advantage Solutions Inc. - ADV STOCK NEWS

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. (Nasdaq: ADV) is a premier provider of outsourced sales and marketing solutions within the consumer packaged goods industry. Operating with over 40,000 associates across more than 70 offices, the company generates annual sales of over $65 billion. Advantage Solutions offers a broad spectrum of customized sales and marketing services, including headquarter sales, retail merchandising, in-store sampling, digital commerce, and shopper marketing, aimed at enhancing brand value for clients and customers in various retail channels such as grocery, drugstore, club, convenience, and more.

The company leverages a technology-enabled platform and data-driven strategies to help brands and retailers of all sizes get their products on shelves and into the hands of consumers, thereby optimizing sales while reducing costs. With a robust presence in North America and strategic operations in Africa, Asia, Australia, and Europe, Advantage Solutions caters to the global needs of multinational, regional, and local manufacturers.

In recent developments, Advantage Solutions has undertaken several strategic initiatives to streamline its operations and focus on core business strengths. The company reported consolidated revenues of $4.2 billion for 2023, marking a year-over-year increase of 4.3%. Recent transactions include the sale of its foodservice businesses and European joint ventures, as well as partnerships with Genpact and Tata Consultancy Services to enhance administrative and IT services.

Advantage Solutions also recently released its first-quarter 2024 financial results, showcasing $906 million in revenues and $79 million in Adjusted EBITDA despite facing market challenges and elevated costs. The company continues to prioritize debt reduction and share repurchases, aligning capital allocation strategies to maximize returns for equity holders.

Through continuous innovation and strategic partnerships, such as the proposed joint venture with L.A. Libations, Advantage Solutions aims to provide cutting-edge retail solutions and expand its reach, ensuring the successful execution of its mission to convert shoppers into buyers for consumer goods companies and retailers worldwide.

News

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

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Adlucent, a performance media and data agency under Advantage Solutions Inc., launches BEACON on Google Cloud Marketplace. BEACON allows digital marketers to merge first-party data with BigQuery data, enhancing Google Ads API conversions. Advertisers gain data control, leading to improved marketing campaigns and revenue maximization.
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Advantage Solutions exceeded 2023 financial guidance with solid fourth-quarter performance and expects continued growth in 2024

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Advantage Solutions Inc. reported consolidated revenues of $4.2 billion in 2023, with a 4.3% year-over-year increase. Operating income was $76.2 million, and Adjusted EBITDA declined 1.7% to $424.3 million. The company executed its transformation plan, including divesting foodservice businesses and deconsolidating its European joint venture. Management announced 2024 guidance with expectations for low single-digit growth in revenues and Adjusted EBITDA.
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Advantage Solutions Announces Date and Conference Call for Fourth Quarter and Full Year 2023 Financial Results

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Advantage Solutions Inc. (Nasdaq: ADV) will release its Q4 and full-year 2023 results on Feb. 29, 2024, with a conference call to follow. Investors can access the call live or via replay, with webcast options available on the company's Investor Relations website.
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Genpact Teams with Advantage Solutions, Leveraging AI to Transform Consumer Goods Operations at Scale

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Genpact (NYSE: G) and Advantage Solutions (NASDAQ: ADV) announced a new multi-year engagement to combine their expertise in data, technology, and AI with consumer goods industry experience to drive scalable innovation and enhanced experiences. The partnership aims to create a new enterprise-wide technology platform with Salesforce to foster competitive advantages and growth for global consumer goods companies. Genpact will lead the implementation of industry-leading platforms to streamline processes, reduce complexities and expenses, and enhance collaboration and efficiency across organizations.
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Advantage Solutions Streamlines Business and Technology Services Through New Agreements With Genpact and Tata Consultancy Services

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Advantage Solutions Inc. (ADV) has entered into agreements with Genpact and Tata Consultancy Services (TCS) to optimize and streamline business processes and IT services. The deal with Genpact aims to automate back-office processes, while the agreement with TCS is focused on modernizing IT services to improve availability and speed. The company also announced the sale of its foodservice businesses to Prospect Hill Growth Partners LP for approximately $100 million in cash and an ongoing 7.5% stake in the combined entity, following a series of deals in late 2023 to improve cash flow and profitability.
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Advantage Solutions Further Simplifies Portfolio by Selling Its Collection of Foodservice Businesses to Prospect Hill Growth Partners to Form Acxion Foodservice

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Advantage Solutions Inc. (ADV) has sold its collection of foodservice businesses, including Waypoint, to Prospect Hill Growth Partners, L.P. for approximately $100 million. The sale will streamline Advantage's portfolio and strengthen its balance sheet. The foodservice businesses will be combined with KeyImpact Sales & Systems Inc. to form Acxion Foodservice, one of North America's leading foodservice solutions agencies. Advantage will receive a 7.5% stake in the combined entity and a seat on its board of directors. The company plans to use the proceeds to pay down debt and invest in its core businesses. This sale is part of Advantage's broader plan to accelerate growth, which also includes agreements with third-party technology companies to optimize business processes and the sale of Atlas Technology Group to Crisp in October 2023. Advantage also restructured its international businesses, reducing its stake in Advantage Smollan Limited from a majority to a minority position.
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Adlucent achieves Google Cloud Partner status, strengthening client solutions

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Adlucent, a leading performance media, analytics, and data agency and Advantage Solutions Inc. company, has joined the Google Cloud Partner program as a technology, reseller, and service partner. The partnership enhances Adlucent's ability to help clients achieve maximum ROI on their digital marketing campaigns. Adlucent's staff was recognized for more than 100 hours of certification, and the agency now has access to Google Cloud's advanced technology and tools. As a reseller partner, Adlucent offers Google Cloud's products and services to its clients at a preferred pricing level. The partnership comes at a time when businesses are increasingly turning to cloud-based solutions to enhance their operations and compete in the market. Adlucent aims to deepen its proprietary software bench and provide new cloud-based digital services for clients.
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Advantage Solutions simplifies international footprint as the company continues to refocus on its core business and accelerate growth

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Advantage Solutions Inc. (NASDAQ: ADV) announced a plan to streamline and restructure its international businesses to focus on core markets and accelerate growth. The changes aim to reduce back-office complexities, eliminate losses in certain Asian businesses, and trade a minority interest in a foreign business for shares of Advantage stock. The move is expected to reduce reported revenue by approximately $400 million and improve adjusted EBITDA margin by approximately 100 basis points. The company also swapped a minority interest in a small foreign asset for approximately 2 million Advantage shares. Advantage continues to view Asia as a key growth market and expects the streamlining effort to enable it to serve the market in a more focused and profitable way.
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Two Roads Advisors Successfully Represents Toy Brand WeCool and Skincare Brand QRx on Their Exits

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Two Roads Advisors (TRA) has successfully represented toy brand WeCool Toys (Compound Kings) and skincare brand QRx on their exits to buyers in November, marking the eighth and ninth deals of 2023 for the leading boutique investment bank. TRA continues to offer unparalleled M&A and capital placement advice to companies in the consumer, business services, and technology sectors.
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Advantage Solutions hires Brian McRoskey as Chief Growth Officer

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Advantage Solutions Inc. (NASDAQ: ADV) appoints Brian McRoskey, a former Senior Partner at Bain & Company, as Chief Growth Officer. McRoskey brings 17 years of CPG industry expertise to drive growth and organizational excellence, strengthening the company's culture and operations.
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FAQ

What is the current stock price of Advantage Solutions (ADV)?

The current stock price of Advantage Solutions (ADV) is $3.05 as of December 24, 2024.

What is the market cap of Advantage Solutions (ADV)?

The market cap of Advantage Solutions (ADV) is approximately 978.3M.

What does Advantage Solutions Inc. specialize in?

Advantage Solutions specializes in outsourced sales and marketing solutions for consumer packaged goods companies and retailers.

Where does Advantage Solutions operate?

The company has offices throughout North America and strategic investments in Africa, Asia, Australia, and Europe.

What recent financial results has Advantage Solutions reported?

For 2023, the company reported consolidated revenues of $4.2 billion, a 4.3% increase year-over-year, and Adjusted EBITDA of $424.3 million.

What strategic initiatives has Advantage Solutions recently undertaken?

The company has divested its foodservice businesses and European joint ventures, and partnered with Genpact and Tata Consultancy Services to enhance its administrative and IT services.

What recent partnerships have been announced by Advantage Solutions?

Advantage Solutions has proposed a joint venture with L.A. Libations to expand retail solutions for emerging brands.

What are the core segments of Advantage Solutions' business?

The core segments include Branded Services, Experiential Services, and Retailer Services.

What is the company's mission?

The mission of Advantage Solutions is to convert shoppers into buyers for consumer goods companies and retailers.

How does Advantage Solutions support its clients?

The company offers headquarter sales, retail merchandising, in-store sampling, digital commerce, and shopper marketing services to enhance brand value and optimize sales.

What is Advantage Solutions' approach to capital allocation?

The company prioritizes debt reduction and share repurchases to maximize returns for equity holders.

What global needs does Advantage Solutions cater to?

Advantage Solutions serves the global needs of multinational, regional, and local manufacturers through its strategic investments and operations worldwide.

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Advantage Solutions Inc.

Nasdaq:ADV

ADV Rankings

#2565 Ranked by Market Cap
N/A Ranked by Dividends

ADV Stock Data

978.30M
88.46M
61.83%
32.25%
2.64%
Advertising Agencies
Services-business Services, Nec
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United States of America
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