Wednesday, May 10, 2017

Party City tops estimates; to launch new marketplace

Party City on Tuesday announced earnings and revenue that topped expectations, and said it would launch an online marketplace for party services.
The party supplies retailer and wholesaler reported a loss of $4.7 million in its first quarter, which included a $9.2 million one-time charges associated with company restructuring, and primarily represents related severance charges. Total revenue rose 4.2% to $477.00 million in the quarter, ended March 31.. . . more

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