Party City (PRTY) Reports In-Line Q3 EPS, Approves $100M Buyback

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Go back to Party City (PRTY) Reports In-Line Q3 EPS, Approves $100M Buyback

Party City Announces Third Quarter 2017 Financial Results; Reports Total Revenue, Retail and Wholesale Sales and Brand Comparable Sales for Fiscal October 2017

November 9, 2017 7:00 AM EST

Announces $100 Million Share Repurchase Program

ELMSFORD, N.Y.--(BUSINESS WIRE)-- Party City Holdco Inc. (NYSE: PRTY) today announced financial results for the third quarter ended September 30, 2017, as well as total revenue, retail and wholesale sales and brand comparable sales for fiscal October 2017.

For the quarter ended September 30, 2017, the Company reported total revenues of $560.1 million, up 0.6% from the prior year period or up 0.3% on a constant currency basis. Income from operations increased 1.3% to $37.4 million and adjusted EBITDA (see "Non-GAAP Information") increased slightly to $66.1 million. Reported GAAP diluted... More