NASDAQ$ADV
Advantage Solutions Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Advantage Solutions' third quarter performance was marked by a 13% year-over-year revenue increase, driven by recovery in in-store sampling and retail merchandising services, but faced challenges due to the tight labor market and wage inflation.
Advantage Solutions reported a 13.2% increase in revenue for Q3 2022 compared to Q3 2021. However, operating income, net income, and Adjusted EBITDA decreased due to investments in wages and macroeconomic pressures. The company is updating its fiscal year 2022 Adjusted EBITDA guidance range to $430 million to $440 million.
- Revenues increased by 13.2% to $1,051.1 million compared to the third quarter of 2021.
- Operating income decreased by 28.6% to $46.8 million compared to the third quarter of 2021.
- Net income decreased by 4.5% to $23.2 million compared to the third quarter of 2021.
- Adjusted EBITDA decreased by 11.6% to $118.3 million compared to the third quarter of 2021.
Headline financials
Revenue & EPS history
Advantage Solutions · Revenue · Quarterly
$1.05B
Forward guidance
The Company is updating its fiscal year 2022 Adjusted EBITDA guidance range to $430 million to $440 million.
Tailwinds
- Strong customer demand.
- Sampling and demonstration business will continue to build back in 2023.
Headwinds
- Unprecedented tight labor market.
- Increasing inflationary pressures.
- Broad macro-economic uncertainty are challenging consumers, retailers and CPG brands, alike.
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 Q3 2022
-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 | — | — | — |
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