Capping off the week is Party City. The company's financial performance has been difficult to pin down since its IPO last year. Revenue has been flat for nearly a year while earnings growth has teetered between negative and positive. Shares are up nearly 21 percent since the start of the year but are still down 24 percent in the past 12 months.
First quarter results were generally in line with expectations. Same store sales dropped 1.5 percent while retail sales rose by 2.6 percent, thanks to the addition of 38 new stores in the past year. Frozen merchandise was a key driver of strong comparables, as is true for any company that promotes the Disney hit.
The recent acquisition of costume manufacturer, Festival, will help fuel Party City's international expansion plans. In May, the company opened its first store in Mexico with a second location scheduled to open in the next month. International expansion is a new layer of potential growth that the company hopes will stoke stagnant sales.
Analysts are looking for earnings per share of 19 cents on $520.36 million in revenue, according to crowdsourced consensus data. Compared to a year earlier this represents a 60 percent jump on the bottom line and 5 percent on the top.
All bets are off when these companies report this week. Whileearly signs point to a number of beats, a small miss or weak future guidancecould send these stocks plummeting.
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