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Jeff Harsh named new Chief Operating Officer of Advantage Solutions Branded Services business segment
Globenewswire· 2025-08-08 20:30
Group 1 - Advantage Solutions Inc has appointed Jeff Harsh as the new Chief Operating Officer of its Branded Services business segment, effective August 25, 2025 [1][2] - Harsh brings 28 years of experience from The Hershey Company, where he managed multi-billion-dollar businesses and was recognized for initiatives in segmentation, pricing, and route-to-market transformation [2][3] - His expertise in sales planning, omnichannel integration, and operational excellence will be crucial for enhancing the value provided to clients and integrating market-leading technology [3][4] Group 2 - Dean General will transition to a newly established role as Chief Industry Development Officer while remaining on the executive leadership team, focusing on client and retailer engagement strategy [5][6] - The leadership changes aim to enhance the company's ability to deliver value, accelerate innovation, and support clients' evolving needs [6] - Advantage Solutions is positioned as a leading omnichannel retail solutions agency in North America, leveraging data and technology to help brands and retailers generate demand [7]
Advantage Solutions Reports Second Quarter 2025 Results
Globenewswire· 2025-08-07 11:00
Core Insights - Advantage Solutions Inc. reported a slight increase in revenues for Q2 2025, totaling $874 million, compared to $873 million in Q2 2024, while significantly reducing its net loss from $113 million to $30 million, marking a 73.1% improvement [3][7][24] - The company is advancing its transformation initiatives to enhance AI capabilities and improve business insights, expecting stronger financial performance and cash generation in the second half of the year [1][5] - Advantage Solutions reaffirmed its 2025 guidance, indicating confidence in its operational execution and market conditions [1][5] Financial Performance - Total revenues for the six months ended June 30, 2025, were $1.695 billion, down 2.3% from $1.735 billion in the same period of 2024 [3][7] - Adjusted EBITDA for Q2 2025 was $86 million, a decline of 3.9% from $89.9 million in Q2 2024, with an adjusted EBITDA margin of 9.9% [3][7][24] - The company maintained a strong balance sheet with $103 million in cash and received an additional $23 million related to deferred purchase price installments [7] Operational Highlights - The company resolved staffing shortages from Q1, leading to improved execution and performance in Q2 [5][7] - Strategic investments in IT and capabilities are ongoing to enhance services for clients [7] - The company expects adjusted unlevered free cash flow conversion to exceed 50% of adjusted EBITDA for 2025 [8] 2025 Guidance - The revenue outlook for 2025 is expected to be flat to low single digits down, with adjusted EBITDA also projected to decline in a similar range [8] - Net interest expense is anticipated to be between $140 million and $150 million, with capital expenditures projected at $50 million to $60 million [8]
Advantage Solutions to Participate in The Canaccord Annual Growth Conference on August 12, 2025
Globenewswire· 2025-07-30 19:15
Group 1 - Advantage Solutions Inc. will participate in the Canaccord Genuity 45th Annual Growth Conference in Boston on August 12, 2025, with a live fireside chat featuring CEO Dave Peacock [1] - The webcast of the event will be available on the Advantage Solutions website [1] - For further inquiries, contact Canaccord Genuity representatives [1] Group 2 - Advantage Solutions is the leading omnichannel retail solutions agency in North America, positioned at the intersection of consumer-packaged goods brands and retailers [2] - The company utilizes data- and technology-powered services to help brands and retailers generate demand and distribute products effectively [2] - Advantage Solutions offers a range of services including in-store and online experiences, assortment optimization, and e-commerce acceleration [2] - The company has a presence throughout North America and strategic investments in select international markets [2]
Advantage Solutions Announces Date for its Second Quarter 2025 Financial Results and Conference Call
Globenewswire· 2025-07-25 16:44
Company Overview - Advantage Solutions Inc. is the leading omnichannel retail solutions agency in North America, positioned at the intersection of consumer-packaged goods brands and retailers [4] - The company utilizes data- and technology-powered services to provide insights, expertise, and scale to help brands and retailers generate demand and deliver products to consumers [4] - Advantage Solutions offers services that include optimizing assortment and merchandising, enhancing e-commerce and digital capabilities, and creating meaningful in-store and online experiences [4] Upcoming Financial Results - Advantage Solutions will release its financial results for the second quarter on August 7, 2025, at 7 a.m. EDT [1] - A conference call will follow at 8:30 a.m. EDT on the same day to discuss the results [1] Conference Call Details - The conference call can be accessed by U.S. callers at 1-800-715-9871 and international callers at 1-646-307-1963, with a conference ID of 5720569 [2] - A replay of the call will be available approximately three hours after it concludes, accessible at 1-800-770-2030 for U.S. callers and 1-609-800-9909 for international callers, with playback ID 5720569 [2] - The replay will be available until August 14, 2025 [2] Investor Relations - Interested parties can listen to a simultaneous conference call webcast by visiting the Investor Relations section of the Advantage Solutions website [3] - The online replay will be available for a limited time shortly after the call [3]
Advantage Solutions supports St. Louis in wake of tornado devastation
Globenewswire· 2025-05-19 21:54
Core Points - Advantage Solutions Inc. is providing financial assistance and mobilizing employee volunteers to support recovery efforts after recent tornadoes in St. Louis [1][2] - The company is donating $25,000 to the Urban League of Metropolitan St. Louis for emergency relief efforts [2] - Advantage Solutions is committed to supporting its employees affected by the disaster through grants and access to an Employee Assistance Program [3] Company Initiatives - The support for the Urban League is part of a multi-year partnership that includes the Save Our Sisters Fund, which offers various services to empower women [4] - Advantage Solutions positions itself as a leading omnichannel retail solutions agency in North America, leveraging data and technology to assist brands and retailers [5] Urban League Overview - The Urban League of Metropolitan St. Louis aims to empower African Americans and others in the region, focusing on economic self-reliance and social equality [6]
Advantage Solutions Reports First Quarter 2025 Results
Globenewswire· 2025-05-12 11:00
Core Insights - Advantage Solutions Inc. reported a decline in revenues and an increase in net loss for Q1 2025, reflecting a challenging operating environment and heightened market uncertainty [2][4][7] Financial Performance - Total revenues for the three months ended March 31, 2025, were $822 million, down from $861 million in the same period last year, representing a decrease of 4.6% [2][7] - The net loss increased to $56 million compared to a net loss of $50 million in Q1 2024, marking a 12% increase in losses [2][7] - Adjusted EBITDA fell to $58 million, down 17.6% from $70.6 million in the prior year, with an adjusted EBITDA margin of 7.1% compared to 8.2% [2][7] Operational Challenges - The decline in financial performance was attributed to intentional client exits, anticipated transformation spending, labor shortages in certain regions, and a decrease in retail inventory leading to lower order volumes [7] - Despite these challenges, the company remains focused on transformation initiatives aimed at driving efficiency and enhancing growth and cash flow in the future [4][7] Strategic Focus - The company is committed to disciplined capital allocation, including voluntary debt repurchases and share buybacks totaling approximately $20 million and $1 million, respectively [7] - Management has lowered guidance due to macroeconomic uncertainties but remains optimistic about developments in the new business pipeline [4][7]
Advantage Solutions Announces Date for its First Quarter 2025 Financial Results and Conference Call
Newsfilter· 2025-04-25 15:30
Group 1 - Advantage Solutions Inc. will release its financial results for the first quarter on May 12, 2025, at 7 a.m. EDT, followed by a conference call at 8:30 a.m. EDT [1] - The conference call can be accessed via phone or through a webcast on the company's Investor Relations website [2][3] - The company is a leading omnichannel retail solutions agency in North America, focusing on consumer-packaged goods (CPG) brands and retailers [4] Group 2 - Advantage Solutions utilizes data- and technology-powered services to help brands and retailers generate demand and enhance consumer access to products [4] - The company has a presence throughout North America and strategic investments in select international markets [4]
Advantage Solutions Reports Fourth Quarter and 2024 Results: Transformation Initiatives Continue to Strengthen the Company
Globenewswire· 2025-03-07 12:00
Core Insights - Advantage Solutions Inc. reported a significant decline in revenues and an increase in net loss for the year ended December 31, 2024, while achieving growth in Adjusted EBITDA [2][4][5] - The company is focused on transformation initiatives aimed at enhancing operational efficiencies and capabilities, with expectations for revenue and Adjusted EBITDA growth in 2025 [1][4] Financial Performance - For Q4 2024, total revenues were $892.3 million, a decrease of 10.0% from $991.9 million in Q4 2023, with a net loss of $177.9 million compared to a net loss of $2.7 million [2][3] - For the full year 2024, total revenues were $3,566.3 million, down 8.6% from $3,900.1 million in 2023, with a net loss of $378.4 million compared to a net loss of $81.2 million [2][3] - Adjusted EBITDA for Q4 2024 increased by 8.9% to $94.6 million, and for the full year, it rose by 1.1% to $356.0 million [5][3] Operational Highlights - The company achieved healthy profit performance in 2024 across its Experiential Services and Retailer Services segments while adjusting its Branded Services to align with market demand [5] - Advantage Solutions executed disciplined capital allocation strategies, including voluntary debt repurchases and share buybacks totaling approximately $158 million and $34 million, respectively [5] Future Outlook - Management anticipates growth in revenues and Adjusted EBITDA in 2025, indicating a positive outlook for the company's operational strategies and market positioning [1][4]