---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-022633"
form_type: "8-K"
ticker: "ADV"
cik: "0001776661"
company_name: "Advantage Solutions Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:10:03.528220+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Advantage Solutions beats 2023 guidance; revenue up 4.3%, adj EBITDA $424M; guides low-single-digit growth for 2024

## Summary
- FY 2023 revenue $4.2B (+4.3% YoY); operating income $76.2M; net loss $60.3M.
- Full-year Adjusted EBITDA $424.3M (-2.7% YoY but ahead of prior guidance).
- Q4 revenue $1.08B (-2.1% YoY); Adj EBITDA $114.9M (+2% YoY, margin 10.6%).
- Foodservice divestiture for ~$100M cash + 7.5% stake; European JV deconsolidated to 49.6% minority.
- 2024 guidance: low single-digit growth in rev & Adj EBITDA; capex $90-110M; net leverage target <3.5x.

## SEC filing metadata
- accession: 0000950170-24-022633
- form_type: 8-K
- ticker: ADV
- cik: 0001776661
- company_name: Advantage Solutions Inc.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1776661/000095017024022633/0000950170-24-022633-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1776661/000095017024022633/adv-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-022633
- JSON: https://secwatch.observer/filing/0000950170-24-022633.json
- Plain text: https://secwatch.observer/filing/0000950170-24-022633.txt

## Key facts
- Earnings Releases
  Advantage Solutions Inc. reported the fiscal full year ended December 31, 2023 results: revenue $4.2 billion, net income $60.3 million net loss.
  - Period: the fiscal full year ended December 31, 2023
  - Revenue: $4.2 billion
  - Net income: $60.3 million net loss
  - Result: reported results
  source text: --- EX-99.1 Advantage Solutions exceeded 2023 financial guidance with solid fourth-quarter performance and expects continued growth in 2024 • 2023 consolidated revenues were $4.2 billion, a year-over-year increase of 4.3%, and operating income was $76.2 million. Excluding foreign exchange, acquisitions and divestitures, revenues increased 6.8%, and Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1776661/000095017024022633/0000950170-24-022633-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.