{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-020061","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.508282+00:00","generated_at":"2026-06-15T06:48:16.985405+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Advantage Solutions Q1 revenue up 10.6% to $1.01B, net loss of $47.7M; reaffirms FY2023 EBITDA guidance","bullets":["Revenue $1.012B, up 10.6% YoY (+12.1% ex-FX); Marketing segment up 23% on in-store sampling recovery.","GAAP net loss $47.7M vs net income $17.5M YoY; operating loss $8.3M vs income $23.0M.","Adjusted EBITDA $92.1M, down 4.8% YoY; FY2023 Adj. EBITDA guidance reaffirmed at $400-420M.","Voluntarily repurchased ~$2M of term loan at discount; net leverage ~4.5x; hedged ~84% of debt via collar.","CEO Dave Peacock completed first 90 days; executive team built out with consumer/retail leaders."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-020061","json":"https://secwatch.observer/filing/0000950170-23-020061.json","markdown":"https://secwatch.observer/filing/0000950170-23-020061.md","text":"https://secwatch.observer/filing/0000950170-23-020061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023020061/0000950170-23-020061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023020061/adv-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:48:16.985405+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"55e3655419c57d91f1ad626191e218aa33595bd2","claim":"Advantage Solutions Inc. updated its Fiscal Year 2023 guidance (reaffirmed).","evidence_excerpt":"The Company is reiterating its guidance for fiscal 2023 with Adjusted EBITDA anticipated to range from $400 million to $420 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023020061/0000950170-23-020061-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal Year 2023"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"6163ec9ae3ae3ca45824f27c4cc1fd6122fe78d6","claim":"Advantage Solutions Inc. reported First Quarter 2023 results: revenue $1,012.0 million, net income Net loss of $47.7 million.","evidence_excerpt":"Revenues were $1,012.0 million for the first quarter of 2023, representing an increase of $97.2 million, or 10.6% from the first quarter 2022 revenues of $914.8 million. Excluding unfavorable foreign exchange rates, revenues increased by $110.3 million, or 12.1%. • Operating loss of $8.3 million for the first quarter of 2023, representing a decrease of $31.3 million from the first quarter 2022 operating income of $23.0 million. 1 • Net loss of $47.7 million for the first quarter of 2023, representing a decrease of $65.2 million from the first quarter 2022 net income of $17.5 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000095017023020061/0000950170-23-020061-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"First Quarter 2023"},{"label":"Revenue","value":"$1,012.0 million"},{"label":"Net income","value":"Net loss of $47.7 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}