Shares of companies in the broader retail space, including Party City Holdco Inc PRTY are trading lower in sympathy with Bed Bath & Beyond BBBY, which fell following worse-than-expected second-quarter sales and third-quarter guidance below estimates.
Bed Bath & Beyond shares are trading lower after the company reported second-quarter EPS of $0.04, down from $0.50 year over year and worse-than-expected second-quarter sales results. The company also issued third-quarter EPS and sales guidance below estimates.
Party City is a party goods retailer in North America that operates owned and franchised locations in the US, Canada and Puerto Rico.
Party City is trading lower by 12.5% at $7.24. Party City has a 52-week high of $11.06 and a 52-week low of $1.67.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
