Advantage Solutions reports Q3 revenue $915.012M vs $939.270M last year

“Our third-quarter performance reflects the team’s continued focus and ability to pull levers in our high-volume labor businesses despite the volatile macro environment,” said Advantage CEO Dave Peacock. “We’re pleased with this quarter’s progress, highlighted by strong Experiential performance driven by solid demand and execution. Phase one of our IT transformation is already improving efficiency in our business, while early Instacart pilot success shows the power of integrating in-store audits with our retail execution network. As we close the year, we are reaffirming our revenue guidance and modestly lowering our Adjusted EBITDA outlook to reflect the impact of the Acxion divestiture and the challenging macro environment.”