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By Jacqui Parr
Party and costume retail chain Party City has announced its financial results for the third quarter ended 30 September 2020, revealing a ‘better than expected’ performance during the key Halloween and October period.
With a net income of $239.7m and total revenue down just 1.2% (to $533.8m) over Q3, Party City has also defied expectations for the 2020 Halloween season, thanks to ‘strong results within décor and better-than-anticipated costume business sales of costumes, despite the challenges of a pandemic-impacted backdrop’.
“We are very pleased with our better than expected third quarter performance, highlighted by the continued strength in our core business,” stated chief executive officer Brad Weston.
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