NASDAQ$ADV
Advantage Solutions Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Advantage Solutions reported strong company performance and advanced its transformation journey.
Advantage Solutions reported a 5.7% increase in revenue, reaching $1.0 billion, and Adjusted EBITDA of $104.2 million, a 3.8% decrease year-over-year. The company is focused on strengthening its culture, simplifying operations, and improving financial discipline to drive long-term, profitable growth.
- Revenues for the second quarter were $1,037.1 million, up $56.0 million, or 5.7%, from second quarter 2022 revenues of $981.1 million.
- Excluding the impact of unfavorable foreign exchange rates and acquisitions / divestitures, revenues increased 7.7%.
- Operating income in the quarter was $22.3 million, compared with operating income of $28.3 million in the second quarter of 2022.
- Net loss in the quarter was $7.8 million compared with net income of $3.7 million in the second quarter of 2022.
Headline financials
Revenue & EPS history
Advantage Solutions · Revenue · Quarterly
$1.04B
Forward guidance
The Company is reiterating its guidance for fiscal 2023 with Adjusted EBITDA anticipated to range from $400 million to $420 million, including the impact of completed divestitures.
Tailwinds
- Continued realization of pricing
- Growth in in-store sampling and demonstration events
- Further investments behind technology and talent
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-2.7%
Avg return
Earnings day
-3.9%
Avg return
5 days after
-0.1%
Avg return
30 days after
36%
9 / 25 earnings
Positive
+18.6%
Q4 2022
Best reaction
-20.2%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +15.3% | -5.5% | +1.8% | |
| Q4 2025 | -1.0% | +15.9% | +57.6% | |
| Q3 2025 | -3.3% | +8.9% | -30.1% | |
| Q1 2025 | -17.8% | -14.3% | +12.2% | |
| Q4 2024 | -8.9% | -28.4% | -44.9% | |
| Q3 2024 | +10.1% | -1.6% | +5.1% | |
| Q2 2024 | +4.2% | +0.3% | +3.6% | |
| Q1 2024 | -17.6% | -20.2% | -29.1% | |
| Q4 2023 | +2.1% | -3.4% | +14.6% | |
| Q3 2023 | -16.0% | -16.5% | +29.1% | |
| Q2 2023 | +2.3% | +1.2% | +12.4% | |
| Q1 2023 | +10.8% | +18.5% | +62.3% | |
| Q4 2022 | +18.6% | +7.7% | -28.2% | |
| Q3 2022 | -20.2% | -17.5% | -33.4% | |
| Q2 2022 | -9.7% | +3.2% | -32.5% | |
| Q1 2022 | -11.0% | -9.6% | -15.3% | |
| Q4 2021 | -15.9% | -26.9% | -18.9% | |
| Q3 2021 | +4.4% | +1.6% | -13.9% | |
| Q2 2021 | -6.7% | -6.0% | -13.0% | |
| Q1 2021 | -3.8% | -5.6% | -4.7% | |
| Q4 2020 | -0.2% | +7.2% | +27.1% | |
| Q2 2020 | -0.2% | +7.2% | +27.1% | |
| Q3 2020 | -2.1% | -13.8% | -1.5% | |
| Q1 2020 | +0.5% | +0.0% | +4.9% | |
| Q4 2019 | -1.0% | -1.0% | +5.1% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q1 2017 | — | — | — | |
| Q1 2016 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro