Party City (PRTY) Reports Q1 EPS of $0.02, Offers Guidance

Party City (NYSE: PRTY) reported Q1 EPS of $0.02, versus $0.10 reported last year. Revenue for the quarter came in at $510.2 million, versus $533.8 million reported last year.

GUIDANCE:

Party City sees Q4 2021 revenue of $685-700 million, versus the consensus of $672.6 million.

• Brand comparable sales percentage increase of high-teens compared to fourth quarter 2020 and low-teens versus fourth quarter 2019
• GAAP net income of $39 million to $47 million with an assumed Q4 tax rate of 26%
• Adjusted EBITDA of $100 to $110 million

For earnings history and earnings-related data on Party City (PRTY) click here.

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