Experiential Services Growth
Experiential services generated $249 million in revenues and $26 million in adjusted EBITDA, up 6% and 14% year-over-year, respectively, due to recovery in staffing levels and increased event execution.
Retailer Services Performance
Retailer services saw an 8% increase in adjusted EBITDA to $26 million despite a slight decline in revenues, thanks to improved staffing levels and increased merchandising activity.
Strategic Initiatives and Technology Investments
Advantage Solutions is on track to complete the implementation of its data architecture and system foundation by 2026, which is expected to drive higher ROI and service levels for clients.
Improvement in Cash Generation
The company expects cash generation in the back half of the year to be above normalized levels, with net free cash flow conversion of at least 25% of adjusted EBITDA next year and beyond.
Strong Demand for Private Brands
85% of surveyed retailers are prioritizing private brands, supporting Advantage Solutions' market-leading private brand advisory and execution business, Daymon.