Party City (PRTY) Misses Q3 EPS by 10c, Revenues Miss; Offers FY18 EPS/Revenue Guidance Below Consensus
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Party City Announces Third Quarter 2018 Financial Results; Total Revenue for Fiscal October 2018 and a Share Repurchase Program
November 8, 2018 7:00 AM ESTELMSFORD, N.Y., Nov. 08, 2018 (GLOBE NEWSWIRE) -- Party City Holdco Inc. (NYSE: PRTY) today announced financial results for the third quarter ended September 30, 2018, as well as total revenue for fiscal October 2018.
James M. Harrison, Chief Executive Officer, stated, Our third quarter and fiscal October results were softer than expected, impacted in part by temporary operational disruptions, increased inflationary pressures associated with distribution costs and helium shortages and slightly lower sales than expected. Despite the top line challenges, we continued to focus on leveraging our vertical model, driving costs out of the... More
