Advantage Solutions Inc.

Ladies and gentlemen, good afternoon and welcome to Advantage Solutions' fourth quarter and full year 2022 earnings conference call. Today's call is being recorded and we have allocated one hour for prepared remarks and Q&A. At this time, I'd just like to turn the conference over to Kimberly Estakin, Investor Relations for Advantage. Thank you. You may begin.

Thank you, Operator. Thank you, everyone, for joining us on Advantage Solutions' fourth quarter and fiscal year 2022 earnings conference call. On the call with me today are Dave Peacock, Chief Executive Officer, and Brian Stevens, Chief Financial Officer and Chief Operating Officer. After their prepared remarks, we will open the call for a question and answer session. During this call, management may make forward-looking statements within the meaning of the federal securities laws. These statements are based on management's current expectations and involve assumptions, risks, and uncertainties that are difficult to predict and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Actual outcomes and results could differ materially due to a number of factors. including those described more fully in the sections titled Risk Factors and Management's Discussion and Analysis of Financial Condition and Results of Operations, and elsewhere in the company's filings with the Securities and Exchange Commission. All forward-looking statements are expressly qualified in their entirety by such factors. The company does not undertake any duty to update or revise any forward-looking statements, whether as a result of new information, feature events, or otherwise, except as required by law. Please note management's remarks today will highlight certain non-GAAP financial measures. Our earnings release, which was issued today, presents reconciliations of these non-GAAP financial measures to the most comparable GAAP measure, which can be found on the Investors section of our website at AdvantageSolutions.net. The company has also prepared presentation slides. which are posted on the website. You may want to refer to the slides during today's call. This call is being webcast, and a recording of this call will also be available on the website. And now, I'd like to turn the call over to Advantage's CEO, Dave Peacock.

Thanks, Kimberly. Good afternoon, everyone, and thank you for joining us. I also want to thank everyone on the Advantage team who's helped to welcome me to the company. I'm excited for the work we are embarking upon together. Today is my first earnings call since joining Advantage, and it also marks my exactly one month to company. In the past four weeks, I've spent time with our team to understand the state of our business. I've spent time with our board of directors to review our financial performance and discuss our strategic plans for growth. And I've spent time with clients and associates. In my brief time here, I've seen new opportunities for our company, which serve as constant reminders that my decision to join this team at this time was the right one. In talking with our clients, it's clear that the work we do is highly valued and critical to the success of their businesses. It's also clear that Advantage's capabilities are as relevant now as they've ever been, given the challenging labor market for our retail customers and given intense competition among CPG players. Our company is a necessary component of our clients' ongoing operations, and due to our scale, breadth, and depth of experience, we are able to adapt as their needs evolve. I see opportunities to reinforce our connection to our clients by enhancing the processes and analytics that underpin the relationship. We will also be driving value for clients by leveraging insights across our sales and marketing platform to help better inform our collective decisions and actions. My visits with associates in retail trade so far have left me motivated by the culture and diversity of Advantage's team and the legacy of winning that has been nurtured throughout the organization. It's one that sits at the intersection of CPG and retail and promotes the seamless functioning of the broader consumer ecosystem. As I consider the experience of working at Advantage for our associates, We need to be more intentional in our onboarding efforts and provide a clear path for those associates who are looking to advance within our company. I also see the potential to more tightly convey both our purpose and role in the work that we do and how we articulate our value to associates and all stakeholders.