{"id":2996,"date":"2025-03-07T14:25:36","date_gmt":"2025-03-07T14:25:36","guid":{"rendered":"https:\/\/youradv-prod.local\/uncategorized\/advantage-solutions-q4-and-fiscal-2024-earnings\/"},"modified":"2025-11-19T19:40:46","modified_gmt":"2025-11-19T19:40:46","slug":"advantage-solutions-q4-and-fiscal-2024-earnings","status":"publish","type":"mrktblog-posts","link":"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/","title":{"rendered":"Advantage Solutions reports adjusted EBITDA growth in the fourth quarter and 2024 fiscal year; announces leadership change\u00a0in Branded Services unit"},"content":{"rendered":"\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Advantage Solutions\u00a0<a href=\"https:\/\/ir.youradv.com\/static-files\/4a7f0916-e063-485a-b0b7-6c4ec5764c61\" target=\"_blank\" rel=\"noreferrer noopener\">today reported<\/a> that adjusted earnings before income taxes, depreciation and amortization (EBITDA) rose 1 percent for its 2024 fiscal year, fueled by continued progress on its transformation and strong performance across its Experiential Services and Retailer Services segments. Revenues for the year were flat.\u00a0<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>In a year of investment, Advantage \u201cmade solid progress on our multiyear transformation, making strides to improve our operating efficiency while strengthening our business,\u201d said Advantage CEO Dave Peacock, in a morning call with\u00a0Wall Street\u00a0analysts and investors. \u201cThese efforts have endured during a difficult macroenvironment, and we continue to position ourselves for long-term, profitable growth.\u201d\u00a0<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Peacock called 2024 \u201ca year of simplification and the beginning of our transformation in earnest,\u201d noting Advantage completed several divestitures to sharpen its focus on the core services and solutions it provides to retailers and consumer goods companies. The company also re-segmented its business into three core business units and \u201claid the groundwork for significant\u201d advancements in information technology and data.\u00a0<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Fourth-quarter results&nbsp;<\/strong><\/p>\n\n\n\n<p>For its fourth quarter, which ended Dec. 31, Advantage reported revenues of $892.3 million, down 2.4% from the same period a year ago, excluding the impact related to the\u00a0fourth-quarter 2023\u00a0deconsolidation of its European joint venture, as the company and its consumer goods and retailer clients endured a difficult retail environment.\u00a0<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Advantage posted a net loss of $177.9 million, compared with a net loss of $2.7 million in the same period a year prior, largely due to a one-time goodwill impairment charge.\u00a0<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>But the company reported that fourth-quarter adjusted EBITDA jumped 8.9% to $94.6 million, growth that executives attributed to more cost discipline and efficiency across the business.\u00a0<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Advantage also said it made voluntary debt repurchases of $158 million for the year as part of its long-term strategy of reducing its net debt to adjusted EBITDA ratio to less than 3.5 times.\u00a0<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>2025 outlook<\/strong><\/p>\n\n\n\n<p>\u201cWe believe we are in a better position today to navigate market uncertainties as we execute on key initiatives designed to increase our operating efficiencies and capabilities, bringing greater speed, precision and insight to our clients, while positioning the company to accelerate growth in the coming years,\u201d Peacock said. \u201cIn 2025, we remain focused on these initiatives, and we are confident they are enabling our position as the cost-leading provider of choice.\u201d<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Company executives said they expect Advantage to grow revenues and adjusted EBITDA\u00a0in\u00a02025.\u00a0<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Leadership change<\/strong><\/p>\n\n\n\n<p>The company also announced today that it has appointed\u00a0Dean General as the new Chief Operating Officer of its Branded Services business unit, effective March 24.\u00a0<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>General, a seasoned retail executive with more than 30 years of experience at consumer goods companies, most recently as\u00a0general manager of retailer brands and senior vice president of commercial development at Henkel Corporation, will join the company\u2019s executive leadership team.\u00a0He\u00a0will replace Jack Pestello, who elected to leave Advantage effective May 1 to pursue new leadership opportunities in retail.<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Peacock said Pestello \u201chas been a trusted partner in streamlining operations across our Branded Services segment amidst an increasingly competitive backdrop, and we wish him the best in his future endeavors.\u201d<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>General will lead Advantage\u2019s efforts to leverage its expansive retail connectivity, leading technology and network scale to bring value-added services to clients, helping them enhance productivity, unlock cash and fuel growth.<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>\u201cWe\u2019re excited to welcome Dean to the team,\u201d Peacock said. \u201cWith Dean\u2019s deep experience in retail and extraordinary track record driving organizational transformation and helping companies&nbsp;improve capabilities, teams and client relationships,&nbsp;I\u2019m confident&nbsp;he will build on our strong foundation and bring new momentum for our Branded Services business.\u201d&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Advantage Solutions\u00a0today reported that adjusted earnings before income taxes, depreciation and amortization (EBITDA) rose 1 percent for its 2024 fiscal year, fueled by continued progress on its transformation and strong performance across its Experiential Services and Retailer Services segments. Revenues for the year were flat.\u00a0 In a year of investment, Advantage \u201cmade solid progress on [&hellip;]<\/p>\n","protected":false},"featured_media":2997,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"mrktblog-category":[41],"class_list":["post-2996","mrktblog-posts","type-mrktblog-posts","status-publish","format-standard","has-post-thumbnail","hentry","mrktblog-category-advantage-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Advantage Solutions reports adjusted EBITDA growth in the fourth quarter and 2024 fiscal year; announces leadership change\u00a0in Branded Services unit - Advantage Solutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Advantage Solutions reports adjusted EBITDA growth in the fourth quarter and 2024 fiscal year; announces leadership change\u00a0in Branded Services unit - Advantage Solutions\" \/>\n<meta property=\"og:description\" content=\"Advantage Solutions\u00a0today reported that adjusted earnings before income taxes, depreciation and amortization (EBITDA) rose 1 percent for its 2024 fiscal year, fueled by continued progress on its transformation and strong performance across its Experiential Services and Retailer Services segments. Revenues for the year were flat.\u00a0 In a year of investment, Advantage \u201cmade solid progress on [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"Advantage Solutions\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-19T19:40:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youradv.com\/wp-content\/uploads\/2025\/11\/adv-linkedin-profile.png\" \/>\n\t<meta property=\"og:image:width\" content=\"533\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/\",\"url\":\"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/\",\"name\":\"Advantage Solutions reports adjusted EBITDA growth in the fourth quarter and 2024 fiscal year; announces leadership change\u00a0in Branded Services unit - Advantage Solutions\",\"isPartOf\":{\"@id\":\"https:\/\/youradv.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/youradv.com\/wp-content\/uploads\/2025\/11\/adv-linkedin-profile.png\",\"datePublished\":\"2025-03-07T14:25:36+00:00\",\"dateModified\":\"2025-11-19T19:40:46+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/#primaryimage\",\"url\":\"https:\/\/youradv.com\/wp-content\/uploads\/2025\/11\/adv-linkedin-profile.png\",\"contentUrl\":\"https:\/\/youradv.com\/wp-content\/uploads\/2025\/11\/adv-linkedin-profile.png\",\"width\":533,\"height\":533},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/youradv.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Advantage Solutions reports adjusted EBITDA growth in the fourth quarter and 2024 fiscal year; announces leadership change\u00a0in Branded Services unit\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/youradv.com\/#website\",\"url\":\"https:\/\/youradv.com\/\",\"name\":\"Advantage Solutions\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/youradv.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/youradv.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/youradv.com\/#organization\",\"name\":\"Advantage Solutions\",\"url\":\"https:\/\/youradv.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/youradv.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/youradv.com\/wp-content\/uploads\/2024\/07\/advantagelogo.svg\",\"contentUrl\":\"https:\/\/youradv.com\/wp-content\/uploads\/2024\/07\/advantagelogo.svg\",\"width\":1,\"height\":1,\"caption\":\"Advantage Solutions\"},\"image\":{\"@id\":\"https:\/\/youradv.com\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Advantage Solutions reports adjusted EBITDA growth in the fourth quarter and 2024 fiscal year; announces leadership change\u00a0in Branded Services unit - Advantage Solutions","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/","og_locale":"en_US","og_type":"article","og_title":"Advantage Solutions reports adjusted EBITDA growth in the fourth quarter and 2024 fiscal year; announces leadership change\u00a0in Branded Services unit - Advantage Solutions","og_description":"Advantage Solutions\u00a0today reported that adjusted earnings before income taxes, depreciation and amortization (EBITDA) rose 1 percent for its 2024 fiscal year, fueled by continued progress on its transformation and strong performance across its Experiential Services and Retailer Services segments. Revenues for the year were flat.\u00a0 In a year of investment, Advantage \u201cmade solid progress on [&hellip;]","og_url":"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/","og_site_name":"Advantage Solutions","article_modified_time":"2025-11-19T19:40:46+00:00","og_image":[{"width":533,"height":533,"url":"https:\/\/youradv.com\/wp-content\/uploads\/2025\/11\/adv-linkedin-profile.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/","url":"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/","name":"Advantage Solutions reports adjusted EBITDA growth in the fourth quarter and 2024 fiscal year; announces leadership change\u00a0in Branded Services unit - Advantage Solutions","isPartOf":{"@id":"https:\/\/youradv.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/#primaryimage"},"image":{"@id":"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/#primaryimage"},"thumbnailUrl":"https:\/\/youradv.com\/wp-content\/uploads\/2025\/11\/adv-linkedin-profile.png","datePublished":"2025-03-07T14:25:36+00:00","dateModified":"2025-11-19T19:40:46+00:00","breadcrumb":{"@id":"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/#primaryimage","url":"https:\/\/youradv.com\/wp-content\/uploads\/2025\/11\/adv-linkedin-profile.png","contentUrl":"https:\/\/youradv.com\/wp-content\/uploads\/2025\/11\/adv-linkedin-profile.png","width":533,"height":533},{"@type":"BreadcrumbList","@id":"https:\/\/youradv.com\/mrktblog\/advantage-solutions-q4-and-fiscal-2024-earnings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/youradv.com\/"},{"@type":"ListItem","position":2,"name":"Advantage Solutions reports adjusted EBITDA growth in the fourth quarter and 2024 fiscal year; announces leadership change\u00a0in Branded Services unit"}]},{"@type":"WebSite","@id":"https:\/\/youradv.com\/#website","url":"https:\/\/youradv.com\/","name":"Advantage Solutions","description":"","publisher":{"@id":"https:\/\/youradv.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/youradv.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/youradv.com\/#organization","name":"Advantage Solutions","url":"https:\/\/youradv.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/youradv.com\/#\/schema\/logo\/image\/","url":"https:\/\/youradv.com\/wp-content\/uploads\/2024\/07\/advantagelogo.svg","contentUrl":"https:\/\/youradv.com\/wp-content\/uploads\/2024\/07\/advantagelogo.svg","width":1,"height":1,"caption":"Advantage Solutions"},"image":{"@id":"https:\/\/youradv.com\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/youradv.com\/wp-json\/wp\/v2\/mrktblog-posts\/2996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/youradv.com\/wp-json\/wp\/v2\/mrktblog-posts"}],"about":[{"href":"https:\/\/youradv.com\/wp-json\/wp\/v2\/types\/mrktblog-posts"}],"version-history":[{"count":0,"href":"https:\/\/youradv.com\/wp-json\/wp\/v2\/mrktblog-posts\/2996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/youradv.com\/wp-json\/wp\/v2\/media\/2997"}],"wp:attachment":[{"href":"https:\/\/youradv.com\/wp-json\/wp\/v2\/media?parent=2996"}],"wp:term":[{"taxonomy":"mrktblog-category","embeddable":true,"href":"https:\/\/youradv.com\/wp-json\/wp\/v2\/mrktblog-category?post=2996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}