Advantage since quarter earnings and Lasse. Thanks, to our discuss Thank first us call you and becoming April privileged am CEO. X. afternoon, joining I CEO serve our results honored everyone. Solutions’ as Good on first for to
enterprise. We forward continue the have the and of leadership calls, start of front profitable marketing around and to opportunities to globe us, high-level is growth our I’d of with senior Directors, earnings goods partnering team across Similar sales I to our providing outsourced a consumer previous look a exciting the Board driving in to our many Advantage provider by retailers. like and companies business. of associates overview and leading Solutions to solutions
merchandising, help problem help deliver solver organically clients fuel growth. while over partner and time. into value, a they sell which are both technology-driven in commerce, in-store we through and our returns, media omnichannel retailers anytime, digital We clients. products the compounds and efficiently, data And choose level, providing less. acquisitions. sizes of hands spending most more platform trusted our our shop. for retail get to Our of fundamental We at services, tuck-in for consumers into and attractive include sales, business retail any channel We At as our the anywhere, online and we headquarter marketing, reinvest operate sampling, others, which brands and all in
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Advantage then the first on we quarter retailers last take and an enduring do managing the continued for I a track associates day They workforce to are they successful Our their flexible, record day a to work serve large would update to highlights dedication current and our company. sharing for navigate companies call outlined goods activities to consumer the XXXX On by to moment better, in and an remains like begin and helping the services, in cheaper clients. move competitive the out quarter. advantage environment call, on I’d high-return faster. our and today’s essential, providing like investment our thank
First, from few messages quarter. a past this key
our Importantly, consistent QX with expectations. were results largely
top the of approximately XX%. growth revenue strong delivered we On year-on-year line,
the pandemic to sampling In quarters, meaningful year-to-date rebound by year-on-year. activities. recovery continue our very operating line pleased Europe up with the international improved XX% events As businesses eased I continued impacted recent progresses, with see and our we reopened. from to COVID a in-store with across businesses improvement most as restrictions prior am conditions in our M&A business as
brands on focused that remain retailers particularly omnichannel help we world. Here, assets, an and areas tuck-in in increasingly navigate acquiring
EBITDA offerings, margins margin-accretive to increases our revenue efficiency. in adjusted headwinds However, higher infrastructure shift as improve growth in a ongoing new mix, on from to includes together activities. investing declined with wage expected, investment and due This
in-store our also to the retention solidly We a first up drill recovery as the by numbers to growth up sampling client significant new with and further deeper are services, in demonstration must-have Revenues spending backdrop, for meet services. year-on-year, performance on merchandising demand to that like and approximately largely down financial quarter, in stand services the I’d in wages, in quarter. With our international bit the continued to continued and of our associates retail recruiting grow driven businesses. along in XX%
of As from reinvestment prior margin anticipated, shift business the momentum; historically the our a with the in regaining revenue first period, quarter activities demo reflecting following: ongoing lower adjusted EBITDA year mix declined XX% an most recruiting; foodservice the just unusual related and business; experienced challenges I medical in and to referenced, our we also continued staffing quarter amount self-insured increase claims. the in notably in
results share top our to driven increase cost a pressure the Sales as healthy the up strong heightened well business. revenue by segment in segment as line lower-margin workforce. in in retail drove our merchandising first revenue in services that and sales of rebound merchandising remained XX% merchandising the international overall to quarter, the growth adjusted XX%, EBITDA declined year-on-year, segment, for in COVID-impacted growth due primarily increase Turning
the product the year increased last salary growth, X% quarter, our compared XX% compared recovered in-store adjusted marketing Moving and as headcount year-on-year. offset segment the EBITDA first This modestly by by in expanded related with ago. driven to significantly costs. quarter continued up to revenue up segment, revenue year with demonstration recovery a Marketing was
on that on important the more first Advantage’s have undertaking Now we XXXX. additional I are would provide investments results, shared I detail like color quarter in to
this As will key in come a three investment areas. reminder,
innovation, to targeted with First, intelligence and are in offerings. a investing data complementary and on services digital margin focus growth, scale we higher higher adjacent
we Second, in accelerating are improve spending wages, retention. and we enterprise. in infrastructure, and And talent, are in recruiting systems efficiencies renovation, the investment operational in across tools and stepping up to finally, productivity
the franchise while Taken and improving will and operational our expect operating positioning on mode strengthen opportunities ahead. these better driving together, our we capitalize widen Advantage many to growth, efficiencies efforts
The pull aggregate, has leadership as growth to the and future to is offerings evolving database see what’s priority evolution new solutions data believe unique for investing which starting in in our and manufacturers drive digital we in The needs services of Advantage this why retailers. the new as retail-centric within our and and our is more into Let’s better growth driver focus this organize more intelligence a for has consumer expectations customers automated dive CPG To presence we e-commerce solutions both take this We innovation. run services. succeed insights look launching with we deeper way a and it gain and of service These to the new key and data-directed for each, the We to cornerstone This to better is the that create behavior, address and regardless for outcomes channel. retailers. impacted accelerated and has and data create helping strategically new even of changed new needed Advantage our services physical capabilities are manufacturers decisions end, both. first top retailers. and through clients. CPG are that area. meet practice and marketplace pandemic our the with to This a transition clients into retailing fundamental commercial shifts scaled transaction reach combined turn created in evolving better existing unique, all at
We deepening to media strategy, areas in as this also data-driven analytics. invest supply retail core continue of widening POS services, and our chain and such retail capabilities in other
business to will and in driven of The high-volume hire materially across particularly digital reinvesting our to and retail group. enhance and key of activities in improve on cost our allow new, will move development core recruiting our A enterprise talent. let’s where hire tools renovation efficiency. we area activities is focus productivity to within digitally are efficiently that businesses to Now to speed our these entire services acquire reduce cost more
our area Another retail stats is operating optimize core execution and power, enable work. location-based technology that
tools We in are software. investing and digital
by measurable retention and improve we within insights in-store opportunities. recruiting will expediting add are to unlock utilization innovation wages our development. investments we new and along wages fully execution, growth These and program among We value and improving associates, talent, to in drive existing stay finally, on And rate, data synergies our competitive are staff new are to providing renovation investing increasing our on both with initiatives. further associates and existing capitalize confident
we persist to Likewise, pressuring As to elevated, quarter. of and of across incremental both to additional wanted wage efforts I adjusted our and That in the did to the bit continue expand first market recruit labor a as ahead, second very customers professional to said, earlier, retain XXXX. we out we to realize continue to noted color fund which, challenges as Starting hourly look to on supply stock share headwind, price remain spending remain chain and increases also from continues tight, XXXX requires with our in ranks. EBITDA.
We expect EBITDA to this half the of second result XXXX. adjusted higher in in
high we than nice-to-have scale face even remain services in advantage cost the ROI rather need-to-have have inflation. Our in and wage of offerings, delivery
Altogether, we $XXX to a will were continue COVID. subside said, for range EBITDA a being turn and Looking negatively wider-than-normal it pandemic With to we range That Brian. million affected of by outcomes. the disruption million. to at our over affirming adjusted prepared the in $XXX that guidance to remain expect year services tailwinds, are key that, continued of full the I anticipate we rebound most slowly
