Advantage Solutions Inc. Stock Price, News & Analysis

Advantage Solutions has announced a leadership transition with Tanya Domier retiring as CEO and moving to the role of executive chair on April 1, 2022. Jill Griffin, currently President and Chief Commercial Officer, will take over as the third CEO in the company's history. Domier emphasized a structured succession plan, expressing confidence in Griffin's leadership. Griffin, with over a decade at Advantage, plans to build on the company’s strong legacy and expand its sales and marketing capabilities, particularly in digital services.

Advantage Solutions (NASDAQ: ADV) announced it will release its fourth quarter and full year 2021 results after the market closes on March 1, 2022. A conference call will follow at 5:00 p.m. ET, accessible by phone or via a live webcast on the company's investor relations page. The replay of the call will be available within two hours and can be accessed until March 8, 2022. Advantage Solutions provides data-driven business solutions for consumer goods manufacturers and retailers, focusing on driving growth through various omnichannel strategies.

Advantage Solutions (NASDAQ: ADV) announced a talent spotlight conference call on January 28, 2022, featuring CEO Tanya Domier and Corey Weiner, CEO of Jun Group. The call will discuss Advantage's digital services and Jun Group's growth strategy in mobile advertising. Attendees can access the live call or listen to a replay available until February 4, 2022. Advantage Solutions is a provider of business solutions, leveraging data and technology to drive growth for consumer brands and retailers across multiple channels.

Advantage Solutions, a leader in outsourced sales and marketing services, announced its management will host one-on-one meetings at key investor conferences. The events include the Morgan Stanley Consumer and Retail Conference on November 30, 2021, and the BofA Securities Leveraged Finance Conference on December 2, 2021. Advantage focuses on driving growth for consumer goods manufacturers and retailers through data-driven solutions, including sales, marketing, and omnichannel strategies. The company is headquartered in Irvine, California, and operates globally.

On November 18, 2021, Advantage Solutions (NASDAQ: ADV) announced a client spotlight conference call set for December 2, 2021, at 4:00 p.m. ET. CEO Tanya Domier and L Catterton Partner Matt Leeds will discuss their collaboration with Cholula Hot Sauce, focusing on optimizing sales and marketing operations. The one-hour call will include a 30-minute discussion and a Q&A session. Investors can join via phone or webcast, with a replay available until December 9, 2021. Advantage Solutions aims to drive growth for consumer goods through data-enabled solutions.

Advantage Solutions Inc. (NASDAQ: ADV) reported third-quarter 2021 revenues of $928.8 million, up 18.4% from the prior year, fueled by strong demand in both marketing and sales segments. However, operating income and net income declined by 26% and 33.8%, respectively, reflecting increased competition and cost pressures. Adjusted EBITDA fell by 1.8% to $133.8 million. The company affirmed its fiscal 2021 Adjusted EBITDA guidance of $520 to $530 million, despite ongoing challenges from COVID-19 and supply chain issues.

Advantage Solutions announced an open-ended share repurchase program, authorizing up to $100 million for its Class A common stock. The company will repurchase shares based on two conditions: first, when shares trade below the estimated intrinsic value, and second, when repurchasing offers better returns than other capital deployment options. CEO Tanya Domier expressed optimism about investing in their own stock due to anticipated free cash flow growth and a positive post-COVID outlook.

Advantage Sales Outlook October 2021 reveals that grocery manufacturers and retailers anticipate sales growth despite rising costs and supply chain issues. According to the report, 60% of manufacturers and 70% of retailers expect higher sales in Q4 2021. Price increases are seen as the primary driver of growth, with 90% of manufacturers planning hikes since the pandemic. Digital investments are increasing, with over half of retailers expanding fresh offerings. However, manufacturers express greater optimism about supply levels compared to retailers.

Advantage Solutions Inc. (NASDAQ: ADV) will release its third-quarter financial results on November 9, 2021, after market close. A conference call is scheduled for 5:00 p.m. ET that day, accessible by phone and via a webcast on the company's Investor Relations website. A replay will be available two hours post-call until November 16, 2021. Advantage Solutions provides business solutions aimed at driving growth for consumer goods manufacturers and retailers through data-enabled omnichannel solutions, spanning sales, marketing, and digital commerce.