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.