Advantage Solutions Inc. (ADV) reports Q3 results; Offers Guidance

Advantage Solutions Inc. (NASDAQ: ADV) reported Q3 results. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.06 billion.

GUIDANCE:

Fiscal Year 2022 Outlook

The confluence of an unprecedented tight labor market, increasing inflationary pressures, and broad macro-economic uncertainty are challenging consumers, retailers and CPG brands, alike. As a result of these factors and others, the Company is updating its fiscal year 2022 Adjusted EBITDA guidance range to $430 million to $440 million, as compared to previously provided Adjusted EBITDA range of $490 million to $510 million. Based on strong customer demand, the Company remains confident that its sampling and demonstration business will continue to build back in 2023.

For earnings history and earnings-related data on Advantage Solutions Inc. (ADV) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Tvardi Therapeutics (TVRD) Tops Q2 EPS by 1c
• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance