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Party City Reports Second Quarter 2022 Results and Updates 2022 Business Outlook

$PRTY
Diversified Commercial Services
Miscellaneous
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Recent Analyst Ratings for
$PRTY

DatePrice TargetRatingAnalyst
11/10/2021$10.00 → $9.00Market Perform
Telsey Advisory Group
8/6/2021$11.00 → $10.00Market Perform
Telsey Advisory Group
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$PRTY
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  • PCHI Enters into Restructuring Support Agreement with Senior Secured Noteholder Ad Hoc Group to Advance Transformation and Enhance Market Leadership from Strengthened Financial Position

    Pre-Negotiated, Expedited Restructuring Expected to Substantially Reduce Debt and Optimize Liquidity Party City Stores Open, Serving Customers as the "Go To" One-Stop-Shop for All Things Celebration $150 Million Financing Commitment to Support Ongoing Operations Across All Divisions WOODCLIFF LAKE, N.J., Jan. 17, 2023 /PRNewswire/ -- Party City Holdco Inc. (NYSE:PRTY) ("PCHI" or the "Company"), a global leader in the celebrations industry, today announced that it has entered into an agreement with an ad hoc group of holders of more than 70% of the Company's senior secured first lien notes (the "Ad Hoc Group") to support an expedited restructuring that would substantially reduce PCHI's debt a

    $PRTY
    Diversified Commercial Services
    Miscellaneous

  • Party City Receives Continued Listing Standard Notice from the NYSE

    WOODCLIFF LAKE, N.J., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Party City Holdco Inc. ((the "Company" or "PRTY", NYSE:PRTY) today announced that it received notification from the New York Stock Exchange ("NYSE") on December 15, 2022 that the Company is no longer in compliance with NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. Under NYSE's rules, the Company has a period of six months from receipt of the notice to regain compliance with the NYSE's minimum share price requirement. In order to regain compliance, on the last trading day of any calendar month during the cure period,

    $PRTY
    Diversified Commercial Services
    Miscellaneous

  • Party City Reports Third Quarter 2022 Results and Updates 2022 Business Outlook

    Total Net Sales of $502.2 million down 1.6% versus last year; Comparable Sales decreased 3.2% versus prior year and increased 11.2% versus 2019 October Retail sales of $390.5 million; Comparable Sales approximately flat versus 2021 WOODCLIFF LAKE, N.J., Nov. 08, 2022 (GLOBE NEWSWIRE) --  Party City Holdco Inc. ((the "Company" or "PRTY", NYSE:PRTY) today announced financial results for the quarter ended September 30, 2022. Brad Weston, Chief Executive Officer, stated, "We delivered third quarter results that were broadly in line with our expectations against a macro backdrop that has our core customer facing significant inflationary pressures. Despite the transitory cost headwinds that c

    $PRTY
    Diversified Commercial Services
    Miscellaneous

$PRTY
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$PRTY
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  • Regis Corporation Appoints Lockie Andrews to Its Board of Directors

    Regis Corporation (NYSE:RGS), a leader in the haircare industry, whose primary business is franchising technology-enabled hair salons, today announces the appointment of 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) leading the enterprise's web, mobile, app and digital sales and operations as well as the development of next-generation marketing and digital technology. Prior to joining Party City, she was the Chief Information Officer and Chief Digital Officer of UNTUCKit. Ms. Andrews is also the founder of Catalyst Consulting, a boutique advisory firm specializing in "all things

    $PRTY
    $RGS
    Diversified Commercial Services
    Miscellaneous
    Other Consumer Services
    Consumer Discretionary

  • Public Storage Advances Board Refreshment

    GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) (the “Company”) today announced that it has appointed Michelle (“Meka”) Millstone-Shroff and Rebecca Owen to its Board of Trustees (the “Board”) and has named David Neithercut as Lead Independent Trustee. In addition, Public Storage announced the establishment of an advisory Long-Term Planning Committee (the “Committee”) of its Board of Trustees focused on Public Storage’s long-term planning, strategy, growth, capital allocation priorities and capital structure management. Ms. Millstone-Shroff formerly served as the Chief Customer Experience Officer at Bed Bath & Beyond and President and Chief Operating Officer for buy

    $PRTY
    $PSA
    $BBBY
    $JCAP
    Diversified Commercial Services
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    Real Estate Investment Trusts
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$PRTY
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  • Party City Reports Third Quarter 2022 Results and Updates 2022 Business Outlook

    Total Net Sales of $502.2 million down 1.6% versus last year; Comparable Sales decreased 3.2% versus prior year and increased 11.2% versus 2019 October Retail sales of $390.5 million; Comparable Sales approximately flat versus 2021 WOODCLIFF LAKE, N.J., Nov. 08, 2022 (GLOBE NEWSWIRE) --  Party City Holdco Inc. ((the "Company" or "PRTY", NYSE:PRTY) today announced financial results for the quarter ended September 30, 2022. Brad Weston, Chief Executive Officer, stated, "We delivered third quarter results that were broadly in line with our expectations against a macro backdrop that has our core customer facing significant inflationary pressures. Despite the transitory cost headwinds that c

    $PRTY
    Diversified Commercial Services
    Miscellaneous

  • Party City to Report Third Quarter 2022 Financial Results on November 8, 2022

    ELMSFORD, N.Y., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Party City Holdco Inc. (NYSE:PRTY) today announced that its third quarter 2022 financial results will be released prior to market open on Tuesday, November 8, 2022. The Company will host a conference call at 8:30 a.m. Eastern Time on that day to discuss the detailed financial results. Investors and analysts interested in participating in the call are invited to dial 844-200-6205, access code 525476 (international callers please dial 929-526-1599) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at investor.partycity.com. About Party City Party City Holdco

    $PRTY
    Diversified Commercial Services
    Miscellaneous

  • Party City Reports Second Quarter 2022 Results and Updates 2022 Business Outlook

    Total Net Sales of $527.4 million; Comparable Sales decreased 5.6% versus prior year and increased 12.2% versus 2019 GAAP Net Income of $162.2 million; Adjusted EBITDA of $45.8 million ELMSFORD, N.Y., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Party City Holdco Inc. ((the "Company" or "PRTY", NYSE:PRTY) today announced financial results for the quarter ended June 30, 2022. Brad Weston, Chief Executive Officer of Party City, stated, "Our second quarter topline results were largely as expected as we lapped a strong Q2 last year while cost headwinds, which are predominantly transitory in nature, pressured profitability. We are seeing benefits from the transformation work we have accomplished over

    $PRTY
    Diversified Commercial Services
    Miscellaneous

$PRTY
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