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Party City: 4Q Earnings Snapshot

March 12, 2020 GMT

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRTY at https://www.zacks.com/ap/PRTY