Advantage Solutions sees FY23 adj. EBITDA $400M-$420M

The Company is initiating its outlook for fiscal 2023. Considering the market conditions as of the date of this press release, Adjusted EBITDA is anticipated to range from $400 million to $420 million prior to adjustments related to any acquisitions and divestitures. This guidance range takes into account the tight labor market, inflationary pressures, and broad macro headwinds impacting consumers, retailers, and CPG brands, alike. Based on strong customer demand, however, the Company remains confident that its in-store sampling and demonstration services will continue to build back in 2023.