ST. LOUIS, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) announced the appointments of Thomas Turner and Xiaofeng "Frank" Yao to its Board of Directors, effective as of February 20, 2026. About Thomas Turner Turner currently serves as Senior Managing Director at CVC Capital Partners (U.S.) Inc., where he has been a member of the Capital Markets team since September 2022. Prior to CVC, Turner held Managing Director roles at Apollo Global Management, Inc. and Bank of America Merrill ...

Holders of greater than 99% of the aggregate principal amount of the Existing Notes have already tendered and delivered their consents. Holders of greater than 99% of the aggregate principal amount of the Existing Term Loans have already agreed to participate in the Term Loans Transactions. ST. LOUIS, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage Solutions”), a leading provider of business solutions to consumer goods manufacturers and retailers, today announced the ear ...

Core Viewpoint - Advantage Solutions Inc. is set to release its financial results for the fourth quarter and full year on March 3, 2026, at 7 a.m. EDT, followed by a conference call at 8:30 a.m. EDT [1] Group 1: Financial Results Announcement - The financial results will be announced on March 3, 2026, at 7 a.m. EDT [1] - A conference call will follow the announcement at 8:30 a.m. EDT on the same day [1] Group 2: Conference Call Access - U.S. callers can access the conference call by dialing 1-800-715-9871, while international callers can dial 1-646-307-1963 [2] - The conference ID for the call is 5720569 [2] - A replay of the call will be available approximately three hours after it concludes, accessible via 1-800-770-2030 for U.S. callers and 1-609-800-9909 for international callers, with the playback ID being 5720569 [2] Group 3: Webcast Information - Investors can also listen to a simultaneous conference call webcast by visiting the Investor Relations section of the Advantage Solutions website [3] - The online replay will be available for a limited time shortly after the call [3] Group 4: Company Overview - Advantage Solutions is the leading omnichannel retail solutions agency in North America, positioned at the intersection of consumer-packaged goods (CPG) brands and retailers [4] - The company utilizes data- and technology-powered services to help brands and retailers generate demand and distribute products effectively [4] - Advantage Solutions focuses on enhancing in-store and online experiences, optimizing assortment and merchandising, and accelerating e-commerce capabilities [4] - The company has a presence throughout North America and strategic investments in select international markets [4]

Core Insights - Advantage Solutions Inc. is implementing changes to its executive leadership team to enhance its growth strategy and operational performance [1][2] Leadership Changes - Bob Hardester has been appointed as Chief Information Officer, bringing over 20 years of digital transformation experience, particularly in ecommerce and supply chain automation [2][8] - Jo O'Hazo has been promoted to Deputy CIO & Chief Data Officer, recognized for her leadership in data and analytics capabilities [3][8] - David Fall has been elevated to Chief Growth & Strategy Officer, focusing on strategic planning and innovation to drive sustained growth [4][8] - George Johnson has been named COO of Demonstration Services & Workforce Operations, tasked with overseeing commercial strategy and operational execution in high-demand service areas [5][8] Company Background - Advantage Solutions Inc. is a leading omnichannel retail solutions agency in North America, positioned at the intersection of consumer-packaged goods brands and retailers, leveraging data and technology to drive demand [7]

Core Insights - SPAR Group has appointed Jean Richer as the head of North American sales and marketing, reporting directly to CEO William Linnane [1][4] - Richer has over 25 years of experience in the consumer-packaged goods and retail services sectors, previously holding senior positions at notable companies [2] - The company has seen recent share acquisitions by its executive leadership team, indicating a commitment to aligning leadership interests with shareholders [2][3][5] Leadership Changes - Jean Richer will oversee sales and marketing operations across the US and Canada, focusing on merchandising and consumer packaged goods clients [1] - CEO William Linnane expressed confidence in Richer's ability to drive value creation in the evolving industry landscape [4] Shareholder Engagement - CFO Steve Hennen purchased 55,000 shares, and CTO Josh Jewett acquired 125,000 shares, reflecting increased personal investment in the company [2] - CEO Linnane previously bought 173,000 shares, bringing his total to 190,909 shares, showcasing a trend of leadership increasing their ownership stakes [3]

Company Changes - Saks Global announced that Richard Baker has taken over as CEO, succeeding Marc Metrick who stepped down after nearly 30 years with the company [2] - Baker will also continue in his role as executive chairman and will focus on transforming the struggling department store [3] Leadership Experience - Marc Metrick joined Saks in 1995 and held various roles, eventually leading Saks Fifth Avenue since 2015 [2] - Jean Richer has been promoted to head of North American sales and marketing at Spar Group, bringing over 25 years of experience in CPG and retail services [8]

Core Insights - Advantage Solutions Inc. reported a revenue decline of 2.6% year-over-year, totaling $915 million for Q3 2025, while net income improved to $21 million from a net loss of $37 million in the previous year [2][6] - The company generated $98 million in adjusted unlevered free cash flow and ended the quarter with a strong cash position of $201 million [1][6] - The performance in Experiential Services was strong, driven by high demand and execution, while Branded Services faced challenges due to macroeconomic conditions [1][6] Financial Performance - Total revenues for the three months ended September 30, 2025, were $915 million, down from $939 million in the same period last year, representing a decrease of $24.3 million [2][6] - Net income for the quarter was $20.6 million, a significant improvement compared to a net loss of $37.3 million in Q3 2024 [2][6] - Adjusted EBITDA for the quarter was $99.6 million, down 1.4% from $100.9 million in the prior year, with an adjusted EBITDA margin of 10.9% [2][6][4] Operational Highlights - The company reaffirmed its revenue guidance but modestly lowered its Adjusted EBITDA outlook due to the impact of the Acxion divestiture and the challenging macro environment [1][4] - The Experiential Services segment showed strong performance with over 90% execution, while Branded Services continued to face headwinds [6][4] - The company is undergoing an IT transformation that is expected to improve operational efficiency [4] Cash Flow and Outlook - Advantage Solutions reported an increase in cash flow of $98 million sequentially, attributed to working capital improvements and lower restructuring costs [6] - The fiscal year 2025 outlook indicates a revenue decline of low-single digits to flat, with Adjusted EBITDA expected to decrease in mid-single digits [8]

Core Insights - Advantage Solutions Inc. will release its third-quarter financial results on November 6, 2025, at 7 a.m. EDT, followed by a conference call at 8:30 a.m. EDT [1] - The conference call will be accessible via specific phone numbers for U.S. and international callers, with a replay available for a limited time [2][3] Company Overview - Advantage Solutions is a leading omnichannel retail solutions agency in North America, positioned at the intersection of consumer-packaged goods brands and retailers [4] - The company utilizes data and technology-powered services to provide insights and expertise, helping brands and retailers generate demand and enhance consumer access to products [4] - Advantage Solutions operates throughout North America and has strategic investments in select international markets [4]

Core Insights - Instacart and Advantage Solutions have formed a strategic partnership aimed at enhancing in-store execution for consumer packaged goods (CPGs) companies [3][4] - The collaboration combines Instacart's technology and shopper community with Advantage's retail execution services to provide real-time insights and actionable data [4][5] Group 1: Partnership Overview - The partnership will leverage Instacart's in-store audit capabilities and Advantage's retail execution services to help CPGs quickly identify and address gaps in product availability, pricing, and display execution [4][5] - Instacart's community of approximately 600,000 shoppers will conduct in-store audits, generating insights that trigger alerts for Advantage's field teams to act on high-priority issues [4][5] Group 2: Benefits to CPGs - The integrated approach offers CPGs enhanced visibility into in-store conditions, enabling them to improve compliance, tackle out-of-stock issues, and boost overall performance [5][6] - The partnership aims to create new earning opportunities for Instacart shoppers while providing CPGs with the tools needed to streamline operations and enhance customer experiences [5][6] Group 3: Future Plans - A successful pilot of the partnership has been launched, with plans for expansion in 2026 [6]

Group 1 - Advantage Solutions Inc has appointed Jeff Harsh as the new Chief Operating Officer of its Branded Services business segment, effective August 25, 2025 [1][2] - Harsh brings 28 years of experience from The Hershey Company, where he managed multi-billion-dollar businesses and was recognized for initiatives in segmentation, pricing, and route-to-market transformation [2][3] - His expertise in sales planning, omnichannel integration, and operational excellence will be crucial for enhancing the value provided to clients and integrating market-leading technology [3][4] Group 2 - Dean General will transition to a newly established role as Chief Industry Development Officer while remaining on the executive leadership team, focusing on client and retailer engagement strategy [5][6] - The leadership changes aim to enhance the company's ability to deliver value, accelerate innovation, and support clients' evolving needs [6] - Advantage Solutions is positioned as a leading omnichannel retail solutions agency in North America, leveraging data and technology to help brands and retailers generate demand [7]