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Advantage Solutions Inc. - ADV STOCK NEWS

Welcome to our dedicated news page for Advantage Solutions (Ticker: ADV), a resource for investors and traders seeking the latest updates and insights on Advantage Solutions.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Advantage Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Advantage Solutions's position in the market.

News
Advantage Solutions Announces Date for 1Q’24 Financial Results and Conference Call; Management will participate in the Morgan Stanley Business Services Conference
Rhea-AI Summary
<p>Advantage Solutions Inc. (Nasdaq: ADV) will release its first quarter financial results on May 9, 2024, followed by a conference call. Management will participate in the Morgan Stanley Business Services Conference. Investors can access the call live or via webcast. </p>
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Dirk Herdes, Former Nielsen SVP, Joins Crisp as General Manager and SVP Sales to Lead Northwest Arkansas Operations and Retail Strategy
Rhea-AI Summary
Crisp appoints Dirk Herdes as SVP Sales and General Manager in Bentonville, Arkansas, aiming to drive growth in the retail and CPG industries. Herdes brings over 20 years of industry experience and will enhance service to over 700 CPG brands, following Crisp's recent acquisition of Atlas Technology Group.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.64%
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Adlucent Unveils BEACON Application on Google Cloud Marketplace, Expanding Client Solutions
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.11%
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Advantage Solutions exceeded 2023 financial guidance with solid fourth-quarter performance and expects continued growth in 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.79%
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Advantage Solutions Announces Date and Conference Call for Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
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earnings
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Genpact Teams with Advantage Solutions, Leveraging AI to Transform Consumer Goods Operations at Scale
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.73%
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AI
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Advantage Solutions Streamlines Business and Technology Services Through New Agreements With Genpact and Tata Consultancy Services
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.73%
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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
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.73%
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Adlucent achieves Google Cloud Partner status, strengthening client solutions
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
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Advantage Solutions simplifies international footprint as the company continues to refocus on its core business and accelerate growth
Rhea-AI Summary
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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Stock ADV logo
Advantage Solutions Inc.

Nasdaq:ADV

ADV Rankings

#2136 Ranked by Market Cap
#4154 Ranked by Stock Gains
N/A Ranked by Dividends

ADV Stock Data

1.35B
48.18M
63.73%
50.44%
2.19%
All Other Support Services
Administrative and Support and Waste Management and Remediation Services
Link
US
Irvine

About ADV

with more than 40,000 associates generating over $65b in annual sales throughout our over 70 offices, advantage solutions is the premier consumer packaged goods sales and marketing agency, committed to building brand value for our clients and customers. our customized sales and marketing solutions include headquarter sales, retail merchandising and marketing services, specializing in client and customer events, publications and assisted-selling services for the grocery, drugstore, club, convenience, natural/specialty, sporting goods, consumer electronics and home center channels.