Party City: 4Q Earnings Snapshot
ELMSFORD, N.Y. (AP) _ Party City Holdco Inc. (PRTY) on Thursday reported a fourth-quarter loss of $268.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Elmsford, New York-based company said it had a loss of $2.88. Earnings, adjusted for asset impairment costs and non-recurring costs, were 51 cents per share.
The party supplies retailer and wholesaler posted revenue of $731.6 million in the period.
For the year, the company reported a loss of $532.5 million, or $5.71 per share, swinging to a loss in the period. Revenue was reported as $2.35 billion.
The company’s shares closed at $1.05. A year ago, they were trading at $8.64.