Advantage Solutions Inc. (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.