Party City Announces Second Quarter 2019 Financial Results
Party City Holdco Inc. (PRTY)
Last party city holdco inc. earnings: 3/12 06:55 am
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US:NYSE Investor Relations:
investor.partycity.com/investors/default.aspx
Company Research
Source: GlobeNewswire
ELMSFORD, N.Y., Aug. 08, 2019 (GLOBE NEWSWIRE) -- Party City Holdco Inc. (NYSE:PRTY) today announced financial results for the second quarter ended June 30, 2019. James M. Harrison, Chief Executive Officer, stated, “Overall, in the second quarter we continued to experience headwinds from direct and indirect impacts of the helium shortages and higher helium costs in many of our markets. Additionally, results were negatively impacted by the flow through of temporarily higher freight costs incurred in late 2018 and non-recurring inventory markdown costs associated with planned store closures. During the quarter, we took important strategic steps to better position the business for future growth and to support our capital allocation priorities. Specifically, we secured additional helium supply; completed a multi-property sale leaseback transaction; successfully executed our store optimization program to maximize market level productivity; added Brad Weston to our leadership team as Pr
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