Advantage Solutions

Revenue has been relatively stable in the mid‑$3.5–$4.0 billion range but with weak GAAP earnings due to impairments and interest. 2026 guidance calls for flat to low‑single‑digit revenue and flat to down mid‑single‑digit adjusted EBITDA, which is reasonable but not compounding.

The client base is diversified and recurring in nature (ongoing merchandising, retailer services, and sampling programs), yet macro sensitivity, client churn, and retailer insourcing introduce variability. Overall predictability is moderate.