Debtwire retail analyst Philip Emma described the market’s perception of Party City’s performance as “a disaster” in an emailed client note. Along with the precipitous drop-off in stock price, market prices for the company’s debt are also “down substantially,” Emma noted.
As for the great helium shortage of 2019, the company said shortages knocked 1.8% of its margins, which fell a total of 5.9% in Q3. But Harrison said in a statement that “retail operations have approached a 100% in stock helium position since we began the fourth quarter, resulting in abating helium headwinds at retail and a bounce-back in the helium impacted categories.”
