Welcome to our dedicated page for PRTY news (Ticker: PRTY), a resource for investors and traders seeking the latest updates and insights on PRTY stock.
Party City (PRTY) delivers comprehensive news coverage for investors tracking this vertically integrated celebrations leader. This hub aggregates official press releases, financial disclosures, and market developments related to PRTY's retail operations, manufacturing innovations, and omnichannel strategy.
Access timely updates on earnings reports, product launches, supply chain developments, and strategic partnerships. Our curated feed ensures stakeholders stay informed about operational milestones in PRTY's dual retail/consumer products divisions and its position within the evolving celebrations market.
Key coverage areas: quarterly financial results, store network expansions, seasonal inventory trends (including Halloween costume developments), sustainability initiatives, and leadership updates. Bookmark this page for verified information directly impacting PRTY's market performance and industry standing.
Party City has unveiled its predictions for the hottest Halloween costume trends of 2024, with only 24 days left until the spooky holiday. CEO Barry Litwin highlights a significant increase in interest for Mommy & Me Look-a-Like costumes this year. The company's extensive assortment, including DIY elements and accessories, allows customers to create various looks or adapt to last-minute trends.
Top costume trends for 2024 include:
- Kids & Families: Disney's Descendants, Minions, Deadpool, Wolverine, Beetlejuice, Ghostbusters
- Adults: Western Wild meets Disco Fever, Angel/Devil, Wednesday & Addams Family, Vintage Circus, Good Witch/Bad Witch
- Nostalgia Vibes: Roaring '20s, Retro Hippie, Simple 80s & 90s, Classic Horror Characters
- Mommy & Me Look-A-Like: Lilo & Stitch, Fairytale Witches, Strawberry Shortcake, Wizard of Oz, Superhero's Alike
- DIY Looks: Glam Skeleton, Zombie Cheerleader, Trending Popstars, Viral TikTok Moments of 2024
Party City, a global leader in the party goods industry, is hosting a grand re-opening event at their East Hanover, NJ store on May 4th, 2024. The celebration will feature family-friendly activities, in-store discounts, and interactive demonstrations. The new store format includes innovative designs like 'birthday worlds' for a unique shopping experience.
Party City, a global leader in the party goods industry, is hosting a grand re-opening event at their Metairie, LA store on May 4, 2024. The event will feature family-friendly activities, exclusive offers, innovative store design, and more.
Party City Holdco Inc. (NYSE: PRTY) announced a pre-negotiated restructuring agreement supported by over 70% of its senior secured noteholders to significantly reduce debt and improve liquidity. The company filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas, while its international subsidiaries and franchise stores remain operational. The restructuring includes a $150 million financing commitment to support ongoing operations during this process. Party City aims to enhance its market leadership in the celebrations industry, with a focus on innovation and customer experience.
Party City Holdco Inc. (PRTY) was notified by the NYSE on December 15, 2022, about its non-compliance with listing criteria, specifically the requirement for a minimum average closing share price of $1.00 over a 30-day trading period. The company has six months to regain compliance, during which it will continue to trade under the symbol 'PRTY' with a '.BC' designation indicating below compliance. This notification does not affect the company's operations or reporting requirements.
Party City Holdco Inc. (PRTY) announced its third-quarter results for 2022, revealing total net sales of $502.2 million, a 1.6% decrease versus the prior year. Comparable sales fell 3.2% versus last year but showed an 11.2% increase compared to 2019. The company experienced a GAAP net loss of $373 million, which included a significant goodwill impairment. Despite inflationary pressures affecting customer demand, sales for Halloween were up year-over-year. Looking ahead, Party City is targeting $30 million in savings through cost-cutting measures including a 19% workforce reduction.
Party City Holdco Inc. (NYSE:PRTY) announced it will release its third quarter 2022 financial results on November 8, 2022, before market opening. A conference call is scheduled for 8:30 a.m. Eastern Time on the same day to discuss these results in detail.
Investors can join the call by dialing 844-200-6205 with access code 525476. An online audio webcast will also be available on the company's investor website.
Party City Holdco Inc. (NYSE:PRTY) will release its second quarter 2022 financial results on August 8, 2022, before market open. A conference call discussing these results is scheduled for 8:30 a.m. ET on the same day. Interested parties can join the call by dialing 844-200-6205 or 929-526-1599 for international calls. The company operates in over 100 countries, providing party goods through more than 800 stores in North America.
Party City Holdco Inc. (NYSE: PRTY) will participate in a fireside chat at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on June 15, 2022, at 2:15 p.m. ET. A live webcast will be accessible on the company's investor relations website, with an online replay available post-event. PRTY is a global leader in the celebrations industry, operating over 800 retail locations across North America and offering party goods globally through its various business divisions, including retail and consumer products.
