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Party City Holdco Inc. (PRTY) is the preeminent party goods company in North America by revenue and is also recognized as the largest vertically integrated supplier of decorated party goods worldwide. Party City serves as a one-stop shopping destination for a diverse range of party supplies, including balloons, costumes, and various other celebration essentials.
The company operates a comprehensive business structure that includes designing, manufacturing, sourcing, and distributing party goods. Their product line features paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts, and stationery. Party City's operations span over 70 countries, with a significant retail presence in North America, including approximately 830 specialty retail stores under the names Party City and Halloween City, complemented by robust e-commerce operations primarily through PartyCity.com.
Recently, Party City announced several grand re-openings of their stores with innovative new formats aimed at enhancing the customer experience. Key highlights of these re-openings include:
- West Hills, CA: A celebration on April 6, 2024, featuring interactive party planning demonstrations and exclusive in-store offers.
- East Hanover, NJ: A grand re-opening event on May 4, 2024, with showcases of creating candy buffets and balloon columns.
- Metairie, LA: Another grand re-opening on May 4, 2024, similar to East Hanover's event with additional family-friendly activities.
The company's new store formats feature unique elements like dedicated 'birthday worlds' for children's and general celebrations, making it easier for customers to find everything they need in one convenient location. These changes reflect Party City's commitment to providing a superior shopping experience and maintaining its status as a leader in the celebrations industry.
Financially, Party City continues to leverage its vertically integrated model to optimize costs and expand its market reach. The company's wholesale and manufacturing arm, Amscan, plays a pivotal role in its operational success, offering an extensive range of celebratory products.
For more information, visit PartyCity.com and follow Party City on Instagram and TikTok.
Party City Holdco Inc. reported total net sales of $510.2 million for Q3 2021, down 4.4% year-over-year, but comparable sales increased 7.5% against 2020 and 14.2% from Q3 2019. The company faced a GAAP net loss of $2.8 million and an Adjusted EBITDA of $42.9 million, representing a decline from $49.2 million in Q3 2020. Looking ahead, the company expects Q4 revenue between $685 million and $700 million.
Strong Halloween sales contributed to October's revenue growth of 13.9% year-over-year.
Party City Holdco Inc. (NYSE:PRTY) is set to release its third quarter 2021 financial results on November 9, 2021, before the market opens. A conference call will follow at 8:30 a.m. ET to discuss these results in detail. Interested investors and analysts can join the call by dialing 844-757-5731 or via a live audio webcast at investor.partycity.com. Party City is a global leader in the celebrations industry, operating over 800 retail locations and offering a range of party goods.
Party City, a leader in the global celebrations market, has shared insights from a recent survey of nearly 1,400 mothers regarding Halloween plans. Key findings reveal that 80% view Halloween as a season starting October 1, 70% expect their kids to wear costumes multiple times, and many families plan to increase indoor and outdoor decorations due to pandemic-related safety measures. To enhance festivities, Party City will feature 'Boo-Loon' balloon installations in various cities and expects a surge in online shopping. The company aims to hire 17,000 seasonal staff to meet increased demand.
Party City announced the opening of Boo-Loon Land, an immersive Halloween-themed balloon installation in New York City from October 15-17, 2021. Guests can enjoy a unique walk-through experience featuring six Halloween-inspired rooms and creative balloon art by renowned artists. The event aims to engage families as 80% of moms view Halloween as a season rather than a single day. The brand is also collaborating with multiple venues nationwide to enhance the Halloween experience, further solidifying its leadership in the celebrations industry.
Regis Corporation (NYSE:RGS) has appointed Lockie Andrews to its Board of Directors, effective September 10, 2021. Ms. Andrews is the Head of eCommerce and Digital Operations at Party City (NYSE: PRTY), where she manages digital sales and marketing initiatives. Her expertise spans strategy, innovation, and operational improvement, making her a valuable asset to Regis as it focuses on technology-driven growth. Andrews aims to enhance Regis's business potential through data analytics, particularly leveraging the Opensalon® Pro platform.
Party City, the leader in the global celebrations market, plans to hire approximately 17,000 seasonal team members ahead of a busy Halloween season, with hiring events on September 14 and September 18. The roles are available in Party City stores and Halloween City pop-ups nationally. New hires will enjoy flexible hours, competitive wages, and a 30% employee discount. Additionally, full-time and temp positions are open at manufacturing and distribution centers in Chester, NY, and Naperville, IL. Party City emphasizes adherence to COVID-19 guidelines amidst these hiring efforts.
Party City Holdco Inc. (NYSE: PRTY) will present at the Goldman Sachs 28th Annual Global Retailing Conference on September 10, 2021, at 11:40 a.m. ET. A live webcast will be available on their investor website. Party City is a global leader in the celebrations industry, operating over 800 stores in North America alongside seasonal Halloween City pop-up stores. The company also includes design and manufacturing entities like Amscan and Anagram, providing a wide range of party goods in over 100 countries.
Party City Holdco Inc. (PRTY) reported a significant financial turnaround for Q2 2021, with total sales reaching $535.7 million, up 110.4% year-over-year. Comparable sales increased 118.3% compared to Q2 2020 and up 19.1% versus Q2 2019. The company achieved a GAAP net income of $29.8 million, compared to a net loss of $130 million in the same quarter last year. Adjusted EBITDA also saw a substantial rebound to $85.8 million. Despite ongoing market volatility due to COVID-19, the outlook remains positive with projected revenues of $490 to $515 million for Q3 2021.
Party City Holdco Inc. (NYSE:PRTY) will release its second quarter 2021 financial results on August 5, 2021, prior to market open. A conference call to discuss these results is scheduled for 8:00 a.m. ET that day. Investors can participate by dialing 844-757-5731 (or 412-542-4126 for international callers) ten minutes before the call. Party City is a leading party goods retailer with approximately 830 stores in North America, offering a wide range of party supplies, balloons, and costumes through both retail and e-commerce channels.
Party City Holdco Inc. (PRTY) reported a 3.1% rise in total sales for Q1 2021, with comparable sales soaring 35.9% year-over-year. While the company faced a net loss of $14.1 million, this is a significant improvement from a loss of $5.80 per share in Q1 2020. Adjusted EBITDA climbed to $32.4 million from $11.9 million last year. The firm’s liquidity stands at $213.1 million, reflecting a reduction in debt from $1,760.4 million to $1,303.0 million. CEO Brad Weston expressed optimism about ongoing sales momentum and strategic progress despite pandemic challenges.
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