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Stock impact report

Party City Announces Third Quarter 2019 Financial Results; Total Revenue for Fiscal October 2019  

Party City Holdco Inc. (PRTY) 
Last party city holdco inc. earnings: 3/12 06:55 am Check Earnings Report
Company Research Source: GlobeNewswire
ELMSFORD, N.Y., Nov. 07, 2019 (GLOBE NEWSWIRE) -- Party City Holdco Inc. (NYSE:PRTY) today announced financial results for the third quarter ended September 30, 2019, as well as total revenue for fiscal October 2019. James M. Harrison, Chief Executive Officer, stated, “Our third quarter and October results were disappointing as many of the tailwinds that we expected failed to materialize. The negative impact of helium shortages was felt across the business on both the top and bottom line including a 210 basis point headwind to third quarter brand comparable sales. However, we are encouraged that our retail operations have approached a 100% in stock helium position since we began the fourth quarter, resulting in abating helium headwinds at retail and a bounce-back in the helium impacted categories.” Mr. Harrison added, “While our Halloween performance was soft in stores, our digital business, which includes Buy Online Pick-Up In Store and marketplace, showed strong growth. We a Show less Read more
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