The Latest Breaking News from PRTY

The future of the retail industry looks promising owing to the rising affinity for online shopping and growing consumer spending. Therefore, we think fundamentally strong retail stocks Ulta Beauty (ULTA) and Murphy USA (MUSA) could be worth your attention in 2023. However, fundamentally weak and beaten-down stock Party City (PRTY)…

Consumers are showing resilience despite the lingering inflationary pressures. Therefore, quality special retail stock Murphy USA (MUSA) could be an ideal buy this winter. However, Party City Holdco (PRTY) might be best avoided now, considering its bleak fundamentals. Keep reading….

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Party City Holdco Inc (NYSE:PRTY) reported first-quarter FY22 sales growth of 1.4% year-on-year to $432.98 million, missing the consensus of $435.80 million. Brand comparable sales increased 2.1% versus last year. Total retail sales increased 2.3%. The gross profit margin decreased 380 basis points Y/Y to 31.9%. The operating loss for the quarter was…

Party City Holdco Inc (NYSE:PRTY) reported fourth-quarter FY21 sales growth of 7.7% year-on-year, to $698.31 million, beating the consensus of $697.25 million. Comparable sales increased 17.8% versus last year, driven by strength in core categories. Total retail sales increased 12.6%. The gross profit margin increased 480 basis points Y/Y to 30.8%. The operating…

After suffering a hard hit from the COVID-19 pandemic, the U.S. retail industry has been recovering since last year amid increased U.S. consumer spending, a digital revolution, and growing demand. And this trend is expected to continue this year. Thus, Wall Street analysts are betting on retail stocks RealReal (REAL),…