quarter. our quarter, cash Thanks, capital. want the on adjusted $XXX the Advantage which of Sean. above estimates. generated consensus for year-over-year during to we you gratitude an million success our revenues, Good ongoing I $X.X appreciation well increase free unlevered Furthermore, morning, hard delivered X.X% for EBITDA everyone optimizing team this reflects of million, and working everyone, $XXX joining once of work my us. adjusted Together, we and flow billion thank their and again in extend for
behind the leadership Our to successful technology key To positions team a money significant management and long-term diverse which full the broader maximize to we business time company's include executive robust and continue on for invest that inclusive execution, reflective we're more talent growth. teammates. ensure workforce creating team, all potential initiatives, progress our our modernization and both continues more and roles of together strategy a building for organization upskilling to make building of leadership profitable
are about These mainly as discipline unified simplify to aligned the and to we've to financial strategic priorities our efforts company with our our previously, culture, our value enhance stakeholders. deliver spoken strengthen operations, our more improve processes a
we share updates our building We today with how and our progress to are proud are on you plan.
retail, brands and and Advantage stands private national of digital brands. and retailers, intersection at CPG physical the
services way and Our and purchase shop. extensive of buyers reach breadth path by they span in into shoppers every demand the entire converting generating
Our as with as several XX more Advantage operational across as the scale exclusive channels their largest unmatched, of well clients X,XXX most choosing CPG in U.S. trade than grocery experiential retailers big-box in-store is brand provider.
We retailers also to support. have over episodic XXX,XXX label representing and provide services contracts private locations with merchandising
trust.
The reflected clients' in and business earnest World's success our investor Building is committed our including today's part is performance. to of to teammates as to XXXX. center goals help that their pivot insights yields both a we a We're strong with retail have we critical success around to based and on world brand both competitive companies business perspective how Most #XX in Companies on shoppers. position and of customer list regularly Trustworthy our X,XXX optimize category create trust among we're the employee relationships testament is ranked and We trust, teams, a extension recognition clients working to own of and where in to relentlessly. play as their highly our leverage Newsweek's inform executing and collective the reputation combined one with and enduring results. day and to winning, a in best relationships critical are our serving our how on trust every intelligence and Our strategic The an our customers relational new and achieve our
of several among valuable will marketplace with conduct consider. continue drive trends, brand X the Outlook surveys to and manufacturers robust to we quarterly gain provide data trends dozens and for over on services. Outlook macro and demand retailers for be but month retailers example, inform, Advantage's to that For Advantage released Advantage XX packed next actions and to not later months. unvarnished that latest insights also only emerging called The the outlook timely a survey this CPG dynamics reveals are that operating These
of challenges, highlights events from leaning key and room loyalty products. with include, deal attract holidays, for shopper national to working to and A retailers the make space SKUs retailers value-seeking to for few XX% brands more to label heavier drive brand private say of Over into volume reducing report are by persistent by label they sales. unit brands programs plan shoppers private
simply this an enough with holiday having retailers to saying number XX% decrease maintain plan labor as challenge them. displays availability result and labor acute season in-store a Finally, remains of not in-store they some the to of of build
growth mean a positive this holiday holiday by retailers between driven X% improved and resilient don't expect season, and manufacturers they availability, however. our say in demand. half survey of doesn't season, and consumer they More That than product anticipate X%
Advantage full slate release we later the Outlook of industry-leading We the insights month. when this share will
challenges take time our we industry. resilient, that have consumer environment quarter, they GDP and with macroeconomic our Although expectations, and across labor mixed. supported availability are insights growth this inflationary and cost remained have abate. the consistent anticipate will progress have remains and to our pressures challenges spending whereas across our the business These expertise persisted
the basis. in rates cost mid-single digits as on sequential inflation slowly with We expected, experiencing the are labor quarter moderating a
effort were an to business. in to parts pursue our Given cost remain labor on offset pricing our focused third success of the this majority in in quarter. in our full in of revenue and our with continuing management, we offset other inflation inflation able for realized the We value to services wages
expect this to upskill management see our improvement in continued talent revenue as our capabilities grow well area. going and as forward We we in
the driving precise focused in and our deliver efficiency generates on way are in We a need is cost services time and on business, expended. recognizing yield also a more greater that to
we enhancing our profitability versus flow, the driving conversion continue increased On cash Additionally, driven focus prior increase into and by capital approximately year, working year-to-date of million of to benefits. significant generated $XXX cash. profits unlevered the on Advantage free a representing largely a basis, adjusted
on will As are we Chris sheet discuss, balance focused management.
beginning and happy to we on net at lower X.Xx time. over bringing work in the progress will the targets comment at later ratio with long-term leverage will of towards date, year, our continue we to achieving X.Xx are the but We a even relative
further making also updates evaluation the of are work, XXXX. we'll in and portfolio our We provide first half progress on
retention long-term on to are Our improving recruitment improvements we has tied merchandising in and We why than increasingly quarter, we in-store in our is employees hired people employ the our businesses. the and and success is new continued more X,XXX supported focused This business. talent the develop. across which we net demonstration
up our of In XX% business, were sampling XXXX event level. year-over-year, representing XX% approximately counts
incremental coming in see to the expect quarters. We improvements
turnover improvements in We across significant our part-time with quarter-over-quarter rates. retention our continue enterprise reduce to
work lowest valued our to saw in fact, to and turnover continue retain improve COVID In teammates of experience level our since our and we their quarterly company.
execution provide practices service, allow us talent acquisition and our costs. strengthen training better and should our retention, talent We will to reliable more enhance refine to limit levels and further which
service teammates, our while can by Given driving and we breadth to XX,XXX operational which by enhancements offerings exemplified more levers our our regularly simplify sheer scale, than we identify performance. continue and
we that Our the team is for energized business. challenge and this for opportunities see invigorated is this by
designing and investors. But range on teammates retail assessed more inputs, stakeholder the including are competitive from environment, landscape. customers, a transformation even brand We importantly, and including review we've trends road of the wealth clients, strategic analyzing map market macro our a and based of comprehensive feedback, a
how retailers meet intended Amid to significant marketplace, a embarking effectively are behavior brands to in in changes we're multiyear cross-sell in as necessary position is evolving to Advantage integrate, operate transformation the and on The and are more for we demand company. retailers and our changes shared consumer shoppers growth challenges for deliver in generate Advantage simplifying converting way one processes pursuing Solutions structure; doing new and financial buyers strengthening our our our X long-term will and by platforms; into discipline. to shop. they mission on every so, shopper and doing brands profitable things: enhancing In
we First, structure. our will simplify
inefficiencies we've are company and overproliferated growth. While a created and admittedly for barriers proud businesses, we through grown acquisition of competitive have strategic becoming our our has of which disparate historically, position, holding footprint
As such, commercial operations. streamlining duplicative centralizing we by operations back-office functions simplifying and our are
to and cross-selling suite with value-enhancing better changes addition economic offerings plans the enable and service of collective approach organizing our clarify our service of multiple These our value of better demonstrate the our company, team to evolved from our In ongoing buyers. the collective our our of to greater comprehensive and them benefit business clients' angles, our to our our connections services. drive collaboration will Put more align in offerings, capabilities include challenges our will us address portfolio of the businesses from the allowing power capabilities. to simply, throughout evaluation
new segments and anticipated X service are segments: business X experiential the and on services; retail and designed today, to While services. center comprised services; marketing, reporting is our branded structure sales of distinct disclosures
services packaged their manufacturer. agent goods Branded includes the strategic services, an the headquarter and branded sales their retailers execute of into Within services the country. selling the across in where our teams brands by of merchandising teams plans is thousands consumer CPG our retailers economic a as extension buyer manufacturer representing or executing
is marketing brand where division this to among together customers. Daymon, SAS solutions brand-driven Retail e-commerce and offerings other is economic buyer the and but develops, In of This capabilities. capabilities teams on single-source retailer. limited retailer addition, into services merchandising and includes, marketing the our will which private our strategies manages called our brings report segment, builds behalf not and
businesses segment home. demonstration of and and the core CPG Lastly, our at services which and in-store will experiential manufacturers form both sampling serves customers brand retail our market-leading
unlock retail enable stakeholders. structure precision Our experiential and simplified seamless and for services will our across more increased execution, interconnected branded and value
further we for processes our To journey, We're and reputation growth service. and proud enhance platforms. reach, will our agility our of accelerate
been approaches However, in overcomplexity systems. has which compounded and we by technology have individual underinvestment and taken running disparate our divisions, also to
opportunity We have smarter to and an faster. work
service shared our our all functions. We segments centralizing X intend support of to by business
focus ways changes enhance building us cohesive face. finance, allow and and excellence, also across that efficiencies branded will on clients will best our problems to operational We and retail centralized driving legal solving services services HR, more segments and directly by IT. practices not more customers business our processes will communications, our and leading growth to of shared experiential drive model working through enable our by only These
an have integrated we technology To siloed with to an to opportunity enabler to intelligence is any and consistent a me, enhanced critical artificial cloud-based platforms and analytics more data move extremely infrastructure from strategy, capabilities. duplicative reporting,
tech capabilities manage include stronger modernization stable allowing a our enhancements plans insights us These sets data in and actionable create and faster. speed. will Our beta drive upgrade investing to environment, and to even more complex
upon, some foundation need the strong company. technology heightened that our to for a systems to have to have We enable legacy build but we upgrade we expectations
the people. great of process or None structure enhancement work without can
have we great training. to and fortunate better through improved and can professional personal are their this We to enable talent however, team team, management dreams realize a better
top opportunities provide deploy in more help more our us efficiently. will teammates tier them invest both systems We and to for
roles upskill where key also and capabilities needed add will the within We organization.
the commit people stay a that themselves is have have This starts important, with processes a experience our with improve. can While and many based employees on of The are our they with in efforts mixed service the where Advantage inclusive company workplace at and systems company. experience organization and are values the and behind they're rooted overall our level These feels strategy. DE&I and that valued and every throughout will of underpin belong. modeled talent culture every energy principles teammate an
addition structure, simplifying and platforms, we enhancing discipline. our our our to In will financial strengthen processes
an has This expense profitability is at focus flow. of business overweighted at Our maintained changing. on historically cash times the and top growth line
a maintaining growth look to value achieve sheet. balance healthy our services for will capture profitable appropriate We while and
behind implementing bring updating processes. capital very the resulting rigor changes how manual on we're Furthermore, investing forecast and and changes between significantly in our We're to several convert efficiencies, accuracy speed into making we we reporting. cash right gender our improve enhanced spending. will are in revenue infrastructure, in The
goal adopt systems While fully am the and processes, it achieve to new I that ability take will in coming and months confident time team's the enhanced years. to over
plan and accountability driving metrics progress to to results. also against financial introduce We operational new strategic our priorities track performance delivering transparency for designed and while
plan and and metrics these on XXXX establish orient to investors goals. QX reporting our their begin segments to expect with around long-term We results to targets future
a the an of Advantage drive as partner right position to choice and the of profitable Our people right an sustained with and the objective us plans, employer right to and choice position growth capabilities of is investment choice. as
deliver their lives. Our and values a sense teammates connect enrich experiences of purpose people will that the products with shared through to and
fortunate us set of the customers I'm be will in fragmented and investors. deliver we're We're in the confident are sticky, customer platforms that moves our and to And a our enhancing to up simplifying for strengthening base teammates, an phase new structure, making our in poised for processes secular coming By the growth value supports next organization clients, retail. long-term CPG we the year growth. financial and industries that and discipline, anchored our
Chris outlook. to on over With financial and for more that, turn performance our I'll it