2.3600 -0.01 (-0.42%)
After hours: 6:32PM EST
|Bid||2.3600 x 4000|
|Ask||2.3700 x 3100|
|Day's Range||2.2500 - 2.4200|
|52 Week Range||1.9800 - 12.3700|
|Beta (3Y Monthly)||1.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.64|
Shares of Party City Holdco Inc. lost two-thirds of their value Thursday, after the party goods retailer reported a surprise third-quarter loss and slashed its full-year outlook, but it’s not just because of the helium shortage, which has lasted a year longer than originally expected.
The retailer, which sells decorated party goods such as balloons and costumes in the United States, said sales of Halloween party supplies in the third quarter, including October, fell 3.2% from a year earlier. "We are carefully analyzing our Halloween results and addressing the underlying issues and opportunities we have identified to improve the business going forward," Chief Executive Officer James Harrison said in a statement. Halloween, which fell on Oct. 31 this year, is one of the busiest holidays for party supplies retailers, when customers shop for everything from decorations to costumes.
Shares of Party City Holdco Inc. plummeted 41% in premarket trading, putting them on track to open at a record low, after the party goods retailer reported a surprise third-quarter loss, revenue that fell more than expected and cut its full-year outlook, citing negative effects of helium shortages and weak Halloween sales. The company reported late-Wednesday a net loss that widened to $39.7 million, or $3.02 a share, from a loss of $2.0 million, or 3 cents a share, in the year-ago period. Excluding non-recurring items, such as charges relate to its store-optimization program, the adjusted loss per share was 28 cents, compared with the FactSet consensus of breakeven. Revenue fell 2.3% to $540.2 million, below the FactSet consensus of $551.0 million. Branded same-store sales decreased 2.6%, with a 210 basis point (2.1 percentage points) headwind from the helium shortage. Halloween product sales for the quarter and the month of October combined fell 3.2%. The company cut its 2019 guidance ranges for adjusted EPS to 84 cents to 91 cents from $1.26 to $1.36 and for revenue to $2.35 billion to $2.38 billion from $2.40 billion to $2.45 billion. The stock had tumbled 39% year to date through Wednesday, while the SPDR S&P Retail ETF had advanced 9.2% and the S&P 500 had climbed 23%.
ELMSFORD, N.Y., Nov. 07, 2019 -- Party City Holdco Inc. (NYSE:PRTY) today announced financial results for the third quarter ended September 30, 2019, as well as total revenue.
Party City (PRTY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […]
ELMSFORD, N.Y., Oct. 24, 2019 -- Party City Holdco Inc. (NYSE:PRTY) today announced that its third quarter 2019 financial results will be released prior to market open on.
Halloween — or should we say Howl-o-ween — is going to the dogs. Americans will spend $490 million on costumes for their pets this Halloween, according to the National Retail Federation, which is more than double what they dropped to dress their dogs, cats and other critters in 2010. Sara Ochoa is one of the 29 million people getting her furbaby into costume for the occasion.
Party City Holdco Inc. (PRTY) (“Party City” or the “Company”), today announced that it has completed the previously announced sale of its Canadian retail business to Canadian Tire Corporation, Limited (CTC.TO) (“Canadian Tire”). Through the transaction, Canadian Tire acquired Party City’s 65 Canada–based retail store locations in an all-cash transaction valued at approximately CAD$174 million. In connection with the sale, Party City and Canadian Tire have also agreed to a long-term wholesale supply agreement, with an initial term of 10 years.
During Wednesday's " Mad Money" program, Jim Cramer cautioned against two floundering retailers, Michaels Companies , and Party City Holdco . A party sounds like fun, so let's check out the charts of PRTY.
Party City Holdco Inc. (the “Company" or "Party City") (PRTY), the leading vertically integrated decorated party goods company in North America, today announced the appointment of two industry veterans, John Frascotti and Jim Conroy, to its Board of Directors, effective September 11, 2019. Mr. Frascotti is currently President, Chief Operating Officer of Hasbro, Inc., the global play and entertainment company, and has served in this role since 2017.
ELMSFORD, N.Y., Sept. 04, 2019 -- Party City (NYSE: PRTY) announced today that it plans to hire approximately 25,000 temporary employees and open up approximately 275 Halloween.
CFO of Party City Holdco Inc (30-Year Financial, Insider Trades) Michael A. Correale (insider trades) bought 24,300 shares of PRTY on 08/15/2019 at an average price of $4.13 a share. Continue reading...
CEO of Party City Holdco Inc (30-Year Financial, Insider Trades) James M Harrison (insider trades) bought 125,000 shares of PRTY on 08/12/2019 at an average price of $4.53 a share. Continue reading...
As an investor, mistakes are inevitable. But really big losses can really drag down an overall portfolio. So take a...