Party City (PRTY) Misses Q1 EPS by 10c, Offers Guidance

Party City (NYSE: PRTY) reported Q1 EPS of ($0.22), $0.10 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $433 million versus the consensus estimate of $436 million.

GUIDANCE:

Party City sees FY2022 revenue of $2.23-2.3 billion, versus the consensus of $2.3 billion.

• Net sales of $2.225 billion to $2.300 billion or an increase of approximately 2.5% to 6.0% versus 2021;
• Brand comp sales change of approximately -1% to 2%;
• GAAP net income of approximately $30 million to $48 million, assuming a full-year tax rate of 38%;
• Adjusted EBITDA of approximately $235 million to $265 million;
• Capital Expenditures of approximately $110 to $120 million*.

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

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