Benzinga | May 10, 2021 08:03AM EDT

Party City Holdco: Q1 Earnings Insights



Shares of Party City Holdco (NYSE:PRTY) rose 6.3% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 82.14% over the past year to ($0.05), which beat the estimate of ($0.18).

Revenue of $426,807,000 higher by 3.08% year over year, which beat the estimate of $405,110,000.

Looking Ahead

Q2 revenue expected between $475,000,000 and $490,000,000.

How To Listen To The Conference Call

Date: May 10, 2021

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=3081966&sessionid=1&key=DF68A69D2441D735438260D5E90BABB9&regTag=&V2=false&sourcepage=register

Recent Stock Performance

52-week high: $9.21

Company's 52-week low was at $0.43

Price action over last quarter: Up 29.16%

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.