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 ...

Yauhen Akulich/iStock via Getty Images The following segment was excerpted from this fund letter. Curreen Capital: All positions larger than 5% of the fund Advantage Solutions (ADV) Advantage Solutions works with brands and stores to sell products through stores. The company is one of the largest managers of in-store sampling programs in the U.S. (for example, would you like to try this new brand of: cheese/chips/dip/etc.) Advantage Solutions was a SPAC-merger completed in October 2020. Advantage Soluti ...

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 internationa ...

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 ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Advantage Solutions (ADV) is a business solutions provider for consumer goods manufacturers and retailers. The Zacks Consensus Estimate for its current year earnings has been revised almost 12.8% downward over the last 60 days.ALLIENT INC (ALNT) designs, manufactures, and sells precision and specialty-controlled motion components and systems. The Zacks Consensus Estimate for its current year earnings has been revised 18.9% downward ov ...

ST. LOUIS, June 18, 2024 (GLOBE NEWSWIRE) -- 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 t ...

ST. LOUIS, June 18, 2024 (GLOBE NEWSWIRE) -- 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 tr ...

ST. LOUIS and LOS ANGELES, June 11, 2024 (GLOBE NEWSWIRE) -- 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. The proposed joint ...

Core Insights - Advantage Solutions Inc. has sold Strong Analytics to OneSix, a move aimed at simplifying its business and focusing on core capabilities [1][2] - The sale is part of Advantage's broader growth acceleration plan, which includes reinvesting proceeds into the business and reducing debt to achieve a net-debt-to-adjusted-EBITDA ratio of less than 3.5 times [2] Company Strategy - The CEO of Advantage Solutions emphasized that this transaction is a step towards sharpening the company's focus on its core capabilities [2] - The company has been actively simplifying its portfolio, which includes recent sales of other non-core assets such as Adlucent and The Data Council [3] Business Operations - Strong Analytics, acquired by Advantage in 2021, provided data science services primarily to industries outside of Advantage's main focus on retail and consumer packaged goods [1] - Advantage Solutions is positioned at the intersection of brands and retailers, offering a range of data- and technology-driven services to enhance sales and marketing efforts [4]

Advantage Solutions Inc. (ADV) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the s ...