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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

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

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Advantage Solutions Inc. (NASDAQ: ADV) unveils findings from its Q3 Advantage Outlook, reporting that retailers and manufacturers expect 1–5% unit volume sales growth this holiday season. The report highlights the impact of inflation and theft on the market, with retailers focusing on private brands, value-priced products, and promotions to address challenges. Meanwhile, manufacturers are targeting in- and at-home indulgence as a trend to capitalize on.
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Advantage Solutions releases 2023 Private Brand Intelligence Report

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Advantage Solutions Inc. (NASDAQ: ADV) announced the release of its 2023 Private Brand Intelligence Report, revealing that consumers are increasingly shifting towards private brands due to higher trust and value. The report outlines three innovation pillars driving product and retail innovation: Purchasing with Purpose, Fit for Functionality, and Uniquely for Me.
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Advantage Solutions named Corporate Champion by the Women’s Forum of New York

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Advantage Solutions Inc. (NASDAQ: ADV) has been named a “Corporate Champion” by the Women’s Forum of New York for having a board of directors composed of at least 40% women. This recognition reflects the company's commitment to diversity and its mission to advance women in business. The Women’s Forum of New York’s Corporate Board Initiative aims to achieve gender balance on corporate boards by 2025.
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New survey indicates 50% of U.S. shoppers say inflation will impact their plans for spending on Thanksgiving food and holiday gifts

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Advantage Solutions Inc. (NASDAQ: ADV) unveils 'Holiday Spending 2023: Consumers Share Food- and Gift-Shopping Plans' survey, revealing that rising costs will lead to reduced Thanksgiving gatherings and fewer holiday presents. Inflation is expected to impact spending on food and gifts, with 50% of respondents anticipating higher food costs and 47% planning to buy fewer gifts this year.
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Advantage Solutions announces solid third quarter results that surpass consensus estimates and provides outlook for the remainder of the year

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Advantage Solutions Inc. reported a 4.3% year-over-year revenue growth to $1.1 billion for the third quarter of 2023. Adjusted EBITDA was $113.1 million, slightly down from the previous year. The company is planning to restructure its business into three segments to drive greater collaboration and efficiency. Advantage Solutions also expects Adjusted EBITDA around the upper end of the guidance range of $400 million to $420 million for fiscal year 2023.
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Crisp Acquires Atlas Technology Group from Advantage Solutions to Empower CPG Brands with Better Data

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Advantage Solutions Inc. has sold its Atlas Technology Group's business to Crisp, the open-data retail platform. Crisp will migrate Atlas' existing customers to its cloud-based data-sharing platform and collaborate with Advantage to offer supply chain analytics and an expanded retail footprint. The deal aims to reshape how consumer brands navigate supply chain issues and improve shopper experiences.
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Advantage Solutions Announces Third Quarter 2023 Financial Results Release Date and Conference Call

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Advantage Solutions Inc. to release third quarter 2023 results on November 7, 2023
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Advantage Solutions Announces New Headquarters in St. Louis, MO

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Advantage Solutions Inc. is relocating its corporate headquarters to St. Louis, Mo. in Q1 2024 to reach clients more efficiently and collaborate with consumer goods companies and retailers. The company plans to invest in local programs and combat hunger through its work with Feeding America.
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New survey shows that 41% of all U.S. shoppers say inflation will impact their plans to buy Halloween candy

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Advantage Solutions' annual Halloween survey reveals impact of rising prices on candy spending
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New survey shows labor shortages and inflationary pressures are top concerns among the largest U.S. retailers and consumer goods manufacturers

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Advantage Solutions Inc. reveals that consumer products companies are focusing on higher-end innovations, including health and wellness offerings and in- and at-home indulgences. The survey results show that 98% of manufacturers are investing in innovation on mainstream or premium-priced products. The retail landscape is rapidly evolving due to inflation and labor shortages. Manufacturers and retailers are making substantial changes to ensure an optimal in-store experience for shoppers.
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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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