Advantage Solutions Sees FY23 Adj. EBITDA At Upper End Of $400M-$420M Range
Portfolio Pulse from Benzinga Newsdesk
Advantage Solutions has updated its FY23 outlook, expecting Adjusted EBITDA to be around the upper end of the guidance range of $400 million to $420 million. This includes the impact of completed divestitures and anticipates continued pricing realization, growth in in-store sampling and demonstration events, and further investments in technology and talent.
November 07, 2023 | 12:11 pm
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Advantage Solutions' updated FY23 outlook could potentially boost investor confidence, as it anticipates higher Adjusted EBITDA at the upper end of the guidance range. This is due to completed divestitures and planned investments in technology and talent.
The company's updated outlook indicates a positive financial performance, which could potentially attract more investors and drive the stock price up. The anticipated growth in in-store sampling and demonstration events, as well as investments in technology and talent, suggest a strategic approach to growth, which could further boost investor confidence.
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