Party City (PRTY) Tops Q2 EPS by 5c

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Party City Announces Second Quarter 2016 Financial Results

August 4, 2016 7:00 AM EDT

Net sales increased approximately 5% to $515 million Gross margin expanded 200 basis points Reported EPS improved to $0.19 from a loss of $0.20; adjusted EPS increased to $0.24 from $0.12 in 2Q15 Brand comparable sales increased 3.8%

ELMSFORD, N.Y.--(BUSINESS WIRE)-- Party City Holdco Inc. (NYSE: PRTY) today announced its financial results for the quarter ended June 30, 2016.

Our performance this quarter reflects our strong global vertical model as well as the strength of our product category which... More