ADV
Advantage Solutions Inc. - Class A
Advantage Solutions Inc. - Class A
$ADV reports 10% YoY revenue growth in Q1, builds experienced leadership team, but records mixed financial results
Advantage Solutions Inc. (NASDAQ: ADV) reports YoY revenue growth of 10% in Q1 2023, driven by recovering in-store sampling and demonstration services and an increase in retail merchandising services. Despite revenue growth, the company records a YoY decline in revenues by 4 million. The company is committed to maximizing returns for equity holders and has already made voluntary term loan repayments and divested some assets to enhance margins. The financial results are mixed, with a decline in net income and adjusted EBITDA, but the company has built an experienced executive leadership team and now has a foundation in place for future growth.
4mo ago
$ADV