Advantage Solutions Inc. provides outsourced solutions to consumer goods companies and retailers in North America and internationally. It operates in two segments, Sales and Marketing. The Sales segment offers brand-centric services, such as headquarter relationship management; analytics, insights, and intelligence; administration; and brand-centric merchandising services. This segment also provides retailer-centric services comprising retailer-centric merchandising, in-store media, and digital commerce services. The Marketing segment provides brand-centric services, including shopper and consumer marketing, and brand experiential services; and retailer-centric services, such as retail experiential, private label, digital marketing, digital media, and advertising services. The company was formerly known as Karman Holding Corp. and changed its name to Advantage Solutions Inc. in March 2016. Advantage Solutions Inc. was founded in 1987 and is based in Irvine, California.
IPO Year: 2019
Exchange: NASDAQ
Website: advantagesolutions.net
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/6/2023 | $4.00 | Buy | Canaccord Genuity |
| 5/11/2023 | $3.00 | Equal-Weight | Morgan Stanley |
| 3/30/2022 | $7.00 | Hold | Deutsche Bank |
| 3/4/2022 | $7.00 | Buy → Neutral | Goldman Sachs |
| 3/3/2022 | $9.00 → $7.00 | Equal-Weight | Morgan Stanley |
| 1/5/2022 | $11.00 → $9.00 | Equal-Weight | Morgan Stanley |
| 9/23/2021 | $12.00 → $11.00 | Equal-Weight | Morgan Stanley |
| 8/10/2021 | $13.00 → $12.00 | Equal-Weight | Morgan Stanley |
ST. LOUIS, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV) announced today that its third-quarter financial results will be released at 7 a.m. ET on November 7, 2024, followed by a conference call at 8:30 a.m. ET on the same day. The conference call can be accessed live over the phone by dialing 1-800-343-4136 or for international callers, 1-203-518-9843. The conference ID is ADVQ3. Three hours after the call, a replay will be available by dialing 1-844-512-2921 or, for international callers, 1-412-317-6671. The passcode is 11156956. The replay recording will be available until November 14, 2024. Interested investors and other parties may also listen to a simultan
Management expects 2024 revenues and Adjusted EBITDA to grow low single digits on a continuing operations basis. Actions to simplify the business are substantially complete, marking an important milestone in the Company's strategic transformation. Divestiture of non-core assets in 2024 generated proceeds of ~$280 million available to opportunistically reduce debt. ST. LOUIS, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV) ("Advantage," "Advantage Solutions," the "Company," "we," or "our"), a leading business solutions provider to consumer goods manufacturers and
ST. LOUIS, July 26, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV) announced today that its second quarter financial results will be released at 7 a.m. ET on August 7, 2024, followed by a conference call at 8:30 a.m. ET on the same day. The conference call can be accessed live over the phone by dialing 1-800-267-6316, or for international callers, 1-203-518-9783. The conference ID is ADVQ2. Three hours after the call, a replay will be available by dialing 1-844-512-2921 or, for international callers, 1-412-317-6671. The passcode is 11156139. The replay recording will be available until August 14, 2024. Interested investors and other parties may also listen to a simultaneo
Management reaffirms its 2024 outlook as first-quarter results met expectations despite soft market conditions and higher-than-expected costs and investments.Inclusive of discontinued operations, revenues were $906 million, a 10% decline compared to the prior year and an increase of 1% when excluding the impact of divestitures, foreign exchange, and pass-through costs. Operating income was $31.3 million, which included a gain on a divestiture. Adjusted EBITDA was $79 million, which was in line with expectations.Disciplined capital allocation with debt and share repurchases of $51 million and $11.7 million, respectively.The Company completed the sale of Adlucent, a performance media agency, o
ST. LOUIS, April 26, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV) announced today that the company will release its first quarter financial results at 7 a.m. ET on May 9, 2024, to be followed by a conference call at 8:30 a.m. ET on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-4018 or, for international callers, 1-201-689-8471. A replay will be available three hours after the call and can be accessed by dialing 1-844-512-2921 or, for international callers, 1-412-317-6671. The passcode for the replay is 13745396. The replay will be available until May 16, 2024. Interested investors and other parties may also listen to a simult
2023 consolidated revenues were $4.2 billion, a year-over-year increase of 4.3%, and operating income was $76.2 million. Excluding foreign exchange, acquisitions and divestitures, revenues increased 6.8%, and Adjusted EBITDA declined 1.7% to $424.3 million but finished ahead of previous guidance.Solid performance in the fourth quarter resulted in operating income of $46.2 million and a 2% year-over-year increase in Adjusted EBITDA, which increased by 4.4% excluding foreign exchange, acquisitions and divestitures. Margin increased 40 basis points to 10.6%.Management continued to execute its transformation plan, including the deconsolidation of its European joint venture, the divestiture of it
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. The conference call can be accessed live over the phone by dialing 1-877-407-4018 or, for international callers, 1-201-689-8471. A replay will be available three hours after the call and can be accessed by dialing 1-844-512-2921 or, for international callers, 1-412-317-6671. The passcode for the live call and the replay is 13742873. The replay will be available until Mar. 7, 2024. Interested investors and other p
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%
IRVINE, Calif., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV), a leading provider of outsourced sales and marketing services to consumer goods manufacturers and retailers, has announced the sale of its Atlas Technology Group's business to Crisp, the open-data retail platform for the consumer goods industry. Atlas Technology Group is an analytics provider serving many of the world's largest consumer packaged goods (CPG) companies. Crisp will migrate Atlas' existing customers to its cloud-based data-sharing platform and collaborate with Advantage to offer sophisticated supply chain analytics and an expanded retail footprint. Crisp's relationship with Advantage Solu
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. The conference call can be accessed live over the phone by dialing 1-877-407-4018 or for international callers, 1-201-689-8471. A replay will be available three hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the live call and the replay is 13740877. The replay will be available until Nov. 14, 2023. Interested investors and other parties may also listen t
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ST. LOUIS, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV), a leading provider of business solutions to consumer goods manufacturers and retailers, today announced two significant commitments to Feeding America and the Urban League of Metropolitan St. Louis. These new strategic partnerships — totaling a combined investment of more than $750,000 — reflect Advantage's growing commitment to community engagement through food security, economic mobility and well-being. Advantage's workforce of more than 70,000 people serve with heart in communities across the U.S., playing an essential role in ensuring necessities like food and personal care items are accessible for all
Delivered revenues and Adjusted EBITDA growth during a year of investment. Transformation is progressing to enhance core service capabilities with greater operating efficiencies. Remain committed to growing 2024 revenues and Adjusted EBITDA by low single digits on a continuing operations basis. ST. LOUIS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV) ("Advantage," "Advantage Solutions," the "Company," "we," or "our"), a leading business solutions provider to consumer goods manufacturers and retailers, today reported financial results for the three and nine months ended September 30, 2024. Unless otherwise noted, results presented in this release are on a conti
ST. LOUIS, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV) announced today that its third-quarter financial results will be released at 7 a.m. ET on November 7, 2024, followed by a conference call at 8:30 a.m. ET on the same day. The conference call can be accessed live over the phone by dialing 1-800-343-4136 or for international callers, 1-203-518-9843. The conference ID is ADVQ3. Three hours after the call, a replay will be available by dialing 1-844-512-2921 or, for international callers, 1-412-317-6671. The passcode is 11156956. The replay recording will be available until November 14, 2024. Interested investors and other parties may also listen to a simultan
ST. LOUIS, Sept. 06, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV) announced today that Chris Growe, Chief Financial Officer, will meet with investors at the Wells Fargo 7th Annual Consumer Conference in Dana Point, Calif., on September 18, 2024. Contact your Wells Fargo representative for more details about attending the conference and scheduling a meeting with Advantage Solutions. About Advantage Solutions Advantage Solutions is the leading omnichannel retail solutions agency in North America, uniquely positioned at the intersection of consumer-packaged goods (CPG) brands and retailers. With its data- and technology-powered services, Advantage leverages its unparallele
ST. LOUIS, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV) today unveiled a new brand identity inspired by its dynamic workforce and designed to reflect its transition to a unified retail solutions company positioned at the center of brands, retailers and shoppers. Advantage, a provider of sales and omnichannel marketing solutions to consumer goods manufacturers and retailers, launched its new visual identity and messaging framework, as well as a teaser website, YourADV.com, with the full and expanded web experience slated to debut within weeks. While keeping its trusted name, Advantage's new branding is designed to convey its industry leadership and the full sui
Management expects 2024 revenues and Adjusted EBITDA to grow low single digits on a continuing operations basis. Actions to simplify the business are substantially complete, marking an important milestone in the Company's strategic transformation. Divestiture of non-core assets in 2024 generated proceeds of ~$280 million available to opportunistically reduce debt. ST. LOUIS, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV) ("Advantage," "Advantage Solutions," the "Company," "we," or "our"), a leading business solutions provider to consumer goods manufacturers and
ST. LOUIS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV), a leading provider of sales and marketing services to consumer goods manufacturers and retailers, announced today it has been named one of the first companies to win Amazon's inaugural Gold Tier award. Amazon's Gold Tier award recognizes direct fulfillment vendors that have a 96% or better score for on-time, accurate delivery. Advantage is an industry leader in omnichannel sampling and shopper experience programs. The company collaborates with leading consumer packaged goods brands and retailers to drive trial in-store and online. Advantage offers omnichannel sampling solutions across categories including
Joint clients to benefit from integrated data, technology, gen AI and streamlined processes aimed at enhancing efficiency and competitive advantage NEW YORK, Aug. 5, 2024 /PRNewswire/ -- Genpact (NYSE:G), a global professional services and solutions firm delivering outcomes that shape the future, today announced its intention to expand its strategic alliance with Advantage Solutions (NASDAQ:ADV), a premier provider of business solutions to consumer goods companies and retailers, to address finance and supply chain challenges in the consumer packaged goods (CPG) and retail sectors.
ST. LOUIS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV), a leading business solutions provider to consumer goods manufacturers and retailers, today announced a strategic alliance with leading retail technology provider Swiftly. The agreement expands Advantage's omnichannel capabilities and allows retailers to own the digital relationship with their shoppers through the integration of Swiftly's innovative retail technology solutions. Through this collaboration, brands can now execute comprehensive campaigns across the entire marketing funnel—from driving digital awareness and raising consideration along the shopper journey to converting purchases in-stor
ST. LOUIS, July 31, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV), a leading business solutions provider to consumer goods manufacturers and retailers, today announced it has completed the sale of digital advertising platform Jun Group to Verve Group SE, a Swedish digital advertising company formerly known as Media and Games Invest SE. Gross proceeds from the sale, which was announced in June, are approximately $185 million. Advantage received approximately $130 million in cash at close. As part of the purchase agreement, Verve Group is slated to pay two additional installments 12 months and 18 months post-close. Advantage plans to use the majority of initial proceeds t
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Crisp will leverage Herdes' expertise in data-driven solutions for retail and CPG industry growth 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240403294679/en/Dirk Herdes, General Manager and SVP of Sales, Cri
IRVINE, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV), a leading provider of sales and marketing services to consumer goods manufacturers and retailers, today announced the appointment of Brian McRoskey as Chief Growth Officer, effective January 1, 2024. McRoskey will report directly to Dave Peacock, CEO of Advantage Solutions. "We are thrilled to welcome Brian McRoskey to our team," said Dave Peacock, CEO of Advantage Solutions. "Brian's strategic insights and operational expertise will play a pivotal role in shaping our growth strategy, identifying new business opportunities, and driving organizational excellence and long-term profitable growth. He bri
IRVINE, Calif., March 01, 2022 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV) ("Advantage"), a leading provider of outsourced sales and marketing services to consumer goods manufacturers and retailers, announced today Tanya Domier will retire as Advantage's chief executive officer and transition to the role of executive chair effective April 1, 2022. President and Chief Commercial Officer Jill Griffin will succeed Domier as Advantage's chief executive officer and will be named to the company's board of directors upon the transition. In the executive chair role, Domier will serve on the board of directors and provide input and counsel to the CEO and Advantage leadership on compan
IRVINE, Calif., March 01, 2021 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (“Advantage”) (NASDAQ: ADV), the leading provider of outsourced sales and marketing services to consumer goods manufacturers and retailers, has appointed Dan Riff to the newly created role of chief investor relations and strategy officer. Riff has a start date of March 3, 2021. Riff brings more than two decades of experience investing and advising in the consumer space to Advantage. Most recently, he served as a portfolio manager in the consumer sector at Surveyor Capital. In his new role, he will be responsible for overseeing investor relations and corporate strategy functions. “I’ve long been drawn to hid
Advantage Solutions Inc. (NASDAQ:ADV), a leading business solutions provider to consumer goods manufacturers and retailers, today announced it has entered into an agreement to sell its digital advertising platform Jun Group to Verve Group SE, a Swedish digital advertising company formerly known as Media and Games Invest SE. Gross proceeds from the sale are expected to be approximately $185 million, the majority of which will be received in cash at closing. The transaction is expected to close in the third quarter, subject to regulatory and other approvals.As part of the agreement, Verve will pay Advantage approximately $130 million in cash at close, plus two additional installments paid 12 m
Advantage Solutions Inc. (NASDAQ:ADV), a leading business solutions provider to consumer goods manufacturers and retailers, and L.A. Libations, a leading consumer packaged goods innovator, incubator and accelerator, today announced they have signed a letter of intent to form a joint venture that will bring the full power of Advantage's suite of services on a national scale to emerging consumer packaged goods and beverage brands.
Shares of Duolingo, Inc. (NASDAQ:DUOL) fell sharply during Thursday's session after the company reported first quarter financial results. Duolingo reported quarterly earnings of 57 cents per share which beat the analyst consensus estimate of 27 cents by 111.11%. Quarterly sales came in at $167.6 million which beat the analyst consensus estimate of $165.677 million and is a 44.91% increase from the same period last year, according to data from Benzinga Pro. Duolingo sees second-quarter revenues of between $175 million and $177.5 million, versus the $176.9 million estimate and full-year 2024 revenues of between $726.5 million and $735.5 million, versus the $728.23 million estimate. Du
Advantage Solutions (NASDAQ:ADV) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.05) by 60 percent. The company reported quarterly sales of $906.000 million which beat the analyst consensus estimate of $867.515 million by 4.44 percent. This is a 10.47 percent decrease over sales of $1.012 billion the same period last year.
Advantage Solutions (NASDAQ:ADV) reported quarterly sales of $906.000 million which beat the analyst consensus estimate of $867.515 million by 4.44 percent. This is a 10.47 percent decrease over sales of $1.012 billion the same period last year.
Gainers Reddit (NYSE:RDDT) stock rose 11.5% to $66.67 during Tuesday's pre-market session. The market value of their outstanding shares is at $10.6 billion. NextPlat (NASDAQ:NXPL) stock rose 10.66% to $1.66. The company's market cap stands at $31.0 million. Advantage Solutions (NASDAQ:ADV) stock rose 8.44% to $4.6. The company's market cap stands at $1.4 billion. Collective Audience (NASDAQ:CAUD) stock rose 6.69% to $0.74. The company's market cap stands at $10.1 million. iHeartMedia (NASDAQ:IHRT) shares moved upwards by 5.88% to $1.98. The company's market cap stands at $286.5 million. VS Media Holdings (NASDAQ:VSME) shares moved upwards by 5.82% to $0.38. The market value of their ou
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Canaccord Genuity initiated coverage of Advantage Solutions with a rating of Buy and set a new price target of $4.00
Morgan Stanley resumed coverage of Advantage Solutions with a rating of Equal-Weight and set a new price target of $3.00
Deutsche Bank initiated coverage of Advantage Solutions with a rating of Hold and set a new price target of $7.00
Goldman Sachs downgraded Advantage Solutions from Buy to Neutral and set a new price target of $7.00
Morgan Stanley reiterated coverage of Advantage Solutions with a rating of Equal-Weight and set a new price target of $7.00 from $9.00 previously
Morgan Stanley reiterated coverage of Advantage Solutions with a rating of Equal-Weight and set a new price target of $9.00 from $11.00 previously
Morgan Stanley reiterated coverage of Advantage Solutions with a rating of Equal-Weight and set a new price target of $11.00 from $12.00 previously
Morgan Stanley reiterated coverage of Advantage Solutions with a rating of Equal-Weight and set a new price target of $12.00 from $13.00 previously
Morgan Stanley initiated coverage of Advantage Solutions with a rating of Equal-Weight and set a new price target of $13.00
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