Benzinga | Nov 9, 2020 07:13AM EST

Recap: Party City Q3 Earnings



Shares of Party City Holdco (NYSE:PRTY) rose 22.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 135.71% year over year to $0.10, which beat the estimate of ($0.32).

Revenue of $533,775,000 declined by 1.20% year over year, which beat the estimate of $489,280,000.

Outlook

Q4 EPS expected to be between $0.31 and $0.37.

Q4 revenue expected to be between $675,000,000 and $695,000,000.

Conference Call Details

Date: Nov 09, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.partycity.com%2F&eventid=2628006&sessionid=1&key=A0C3639F4DF41CF5E3F343178AF66EF0&regTag=&sourcepage=register

Price Action

Company's 52-week high was at $6.30

52-week low: $0.26

Price action over last quarter: Up 62.86%

Company Overview

Party City Holdco Inc is a party goods retailer in North America that operates owned and franchised locations in the US, Canada, and Puerto Rico. Party City also sells internationally in countries like the UK, France, Germany, and Australia, among others. The company has two primary reporting segments: retail and wholesale. The retail operations sell through Anagram, Amscan, Designware, Costumes USA, and other party suppliers, such as Party City, Halloween City, and PartyCity.com. The wholesale segment sells party goods such as paper and plastic tableware, accessories and novelties, balloons, stationery, and gift items for all occasions. These products are sold by franchise stores, mass merchants, independent card and gift shops, dollar stores, and other retailers and global distributors.