Advantage Solutions Inc. Stock Price, News & Analysis

Advantage Solutions (NASDAQ: ADV) will announce its first quarter results on May 10, 2021, after market close. A conference call will follow at 5:00 p.m. (ET), accessible via phone or webcast. Interested parties can join the call by dialing 1-877-407-4018 for domestic or 1-201-689-8471 for international participants. Replay information will be available post-call. Advantage is well-known for its data-driven solutions that help consumer goods manufacturers and retailers enhance sales and operations across various channels.

Advantage Solutions (NASDAQ: ADV), a leader in outsourced sales and marketing services, will participate in the Jefferies Virtual Business Services Summit on March 25, 2021. This virtual event aims to connect Advantage's management with investors interested in tailored meetings.

Advantage Solutions focuses on enhancing growth for consumer goods manufacturers and retailers through innovative omnichannel strategies. The company's headquarters are in Irvine, California, with operations across North America and other global markets.

Advantage Solutions reported FY 2020 results, noting a 17% revenue decline impacted by COVID-19, with a total of $3.2 billion compared to 2019. Despite the challenges, Adjusted EBITDA was $487 million, down only 3%. The fourth quarter experienced a 16% revenue drop year-over-year but showed 8.4% sequential growth. The company raised its 2021 Adjusted EBITDA outlook to $515-$525 million. The focus remains on recovery from pandemic lows while maintaining service levels for clients.

Advantage Solutions has appointed Dan Riff as its chief investor relations and strategy officer, effective March 3, 2021. Riff brings over 20 years of expertise in the consumer goods sector, having previously served as a portfolio manager at Surveyor Capital. His responsibilities will include overseeing investor relations and corporate strategy. Advantage's CEO, Tanya Domier, expressed enthusiasm over Riff's appointment, highlighting his experience and its potential to enhance value creation for the company.

Advantage Solutions (NASDAQ: ADV) will announce its Q4 and full year 2020 results on March 16, 2021, after market close. A conference call is scheduled for 5:00 p.m. ET on the same day, accessible via phone or webcast. Investors can dial 1-877-407-4018 for the call, with a replay available shortly after. Advantage Solutions specializes in business solutions for consumer goods manufacturers and retailers, leveraging data and technology to drive growth and efficiency.

Mark Samuels, a veteran in category management, has joined Atlas Technology Group as president. His extensive two-decade experience spans roles in retail and consumer goods, most recently with Bain & Company. He aims to enhance Atlas's offerings in predictive analytics and omnichannel strategies. Samuels's leadership is expected to accelerate growth initiatives amidst changing industry dynamics due to the pandemic. Atlas, acquired by Advantage Solutions in 2015, provides actionable insights to improve operational efficiencies for consumer goods companies.

Advantage Solutions Inc. (NASDAQ: ADV) reported its fiscal third-quarter results for 2020, revealing revenues of $784.3 million, a 20.1% decline year-over-year, but a 22.3% increase from the previous quarter. Operating income saw a growth of 15.7% to $88.6 million. Net income rose significantly by 61.5% to $36.7 million. The third quarter was impacted by COVID-19, especially in the marketing segment. The company successfully completed its merger with Conyers Park II on October 28, improving its balance sheet and reducing net debt to approximately $2 billion. FY 2020 Adjusted EBITDA guidance is now set at $480 to $485 million.

Advantage Sales reveals that COVID-19 significantly impacts consumer plans for the 2020 holiday season. Research shows that nearly 90% of 1,027 surveyed adults experience changes in holiday celebrations and spending. 35% anticipate attending fewer gatherings, with Thanksgiving facing a projected 30-point decline in participation. E-commerce will rise, with 52% planning more online shopping. Moreover, 42% intend to purchase non-food groceries online. Financial constraints are pushing consumers towards cheaper brands, highlighting an overall shift in holiday practices.