Welcome to our dedicated page for Advantage Solutions news (Ticker: ADV), a resource for investors and traders seeking the latest updates and insights on Advantage Solutions stock.
Advantage Solutions Inc. (ADV) provides essential updates for stakeholders tracking this leader in outsourced CPG sales and retail solutions. This page aggregates official announcements, financial disclosures, and strategic developments critical for understanding the company’s market position.
Access curated press releases spanning earnings results, merchandising partnerships, and technology initiatives, alongside analyses of operational milestones. Investors gain a centralized hub for monitoring ADV’s progress in retail execution and digital commerce innovation.
Content is rigorously updated to include material events like client expansions, leadership updates, and service portfolio enhancements. Bookmark this page for streamlined access to verified information supporting informed analysis of ADV’s performance in global retail markets.
Advantage Solutions (NASDAQ: ADV) and L.A. Libations have announced a letter of intent to form a joint venture called Relentless Advantage. The collaboration aims to leverage Advantage's extensive retail network and L.A. Libations' innovative brand pipeline to accelerate the expansion of emerging consumer packaged goods and beverage brands. Advantage will provide nationwide distribution and shelf space, while L.A. Libations will offer new growth-stage brands. This venture targets enhanced retail support and faster market entry for brands like Poppi, PLEZi Nutrition, Nixie Sparkling Water, and Abbot’s plant-based protein products. The agreement is expected to be finalized in the coming months.
Advantage Solutions (NASDAQ: ADV) announced the sale of Strong Analytics to OneSix on June 10, 2024, a move aimed at simplifying its business portfolio. Acquired in 2021, Strong Analytics specializes in custom software solutions for the pharmaceutical, marketing, and hospitality sectors, which are outside Advantage's core focus on retailer and consumer packaged goods clients. The terms of the sale, concluded on June 7, remain undisclosed. The transaction is part of Advantage's broader strategy to concentrate on core capabilities, improve its balance sheet, drive productivity, and fuel growth. The company plans to use the majority of the sale proceeds to reinvest in its business and reduce its debt, aiming for a net-debt-to-adjusted-EBITDA ratio below 3.5 times. Recent similar transactions include the sales of Adlucent and The Data Council.
Advantage Solutions (NASDAQ: ADV) announced the sale of its content management platform, The Data Council, to SPINS. The deal, closed on May 31, allows Advantage to focus on its core capabilities while maintaining an ongoing relationship with SPINS. Terms were not disclosed. This move is part of Advantage's strategy to simplify its business and accelerate growth. The Data Council will integrate into SPINS, enhancing value for both companies. Recent transactions also include the sale of digital agency Adlucent and several other business simplifications.
Advantage Solutions reported first-quarter results, with revenues at $906 million, a 10% decline year-over-year. Adjusted EBITDA was $79 million. The Company sold Adlucent, focusing on core capabilities. The new reporting segments are Branded Services, Experiential Services, and Retailer Services. The Company experienced declines in revenues for Branded Services but growth in Experiential Services. Operating income was $31.3 million, with a net loss of $3.1 million. The Company is focused on reducing debt and improving capital structure.
Advantage Solutions Inc. (NASDAQ: ADV) has sold Adlucent, a digital marketing agency acquired in 2016, to BarkleyOKRP, a leading full-service marketing firm. The terms of the sale were not disclosed, and the majority of the proceeds will be used to pay down debt. The move is part of Advantage's strategy to simplify its portfolio and focus on core capabilities for growth.
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