Party City plunges after slashing annual targets again

Party City plunges after slashing annual targets again

Shares of Party City Holdco plummeted 62% to a record low on Thursday after the party supplies retailer cut its annual revenue and profit forecasts for a second time. Earlier, the retailer said sales of Halloween party supplies in the third quarter, including October, fell 3.2% from a year earlier. Party City now expects 2019 revenue in the range of $2.35 billion to $2.38 billion.

Timothy
Timothy
Miles O'Brien
Miles O'Brien 5 months

I never understood why these stores exist. 90% of the year they are empty.

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