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

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

Party City Reports First Quarter 2022 Results and Updates 2022 Business Outlook

May 9, 2022 6:55 AM EDT

Total Net Sales of $433 million; Comparable Sales increased 2.1% versus prior year

GAAP Net Loss of $26.9 million; Adjusted EBITDA of $4.6 million

ELMSFORD, N.Y., May 09, 2022 (GLOBE NEWSWIRE) -- Party City Holdco Inc. (the Company or PRTY; NYSE: PRTY) today announced financial results for the quarter ended March 31, 2022.

Brad Weston, Chief Executive Officer of Party City, stated, We are pleased to deliver another quarter of topline growth with a sales increase of 1.4% and brand comp sales growth of... More