Party City (PRTY) Misses Q4 EPS by 1c, Revenues Miss, Brand Comp. Sales Down 2.9%; FY19 EPS Views Below Consensus, FY19 Revenue Mid-Point Guidance Below Estimates

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Party City Announces Fourth Quarter and Full Year 2018 Financial Results

February 28, 2019 7:01 AM EST

ELMSFORD, N.Y., Feb. 28, 2019 (GLOBE NEWSWIRE) -- Party City Holdco Inc. (NYSE: PRTY) today announced financial results for the fourth quarter and year ended December 31, 2018.

James M. Harrison, Chief Executive Officer, stated, Our topline results for the fourth quarter were slightly below expectations in large part due to helium supply pressures that persisted from the third quarter, while gross margins were inline and Adjusted EBITDA and Adjusted EPS came in within our expected ranges as we exercised disciplined cost control. For the year, despite some unexpected temporary operational... More