=Party City (PRTY) reported earnings on Thur 10 March 2016 (b/o)

Party City beats by $0.01, reports revs in-line; guides FY16 EPS in-line, revs below consensus:

Reports Q4 (Dec) earnings of $0.76 per share, $0.01 better than the Capital IQ Consensus of $0.75; revenues fell 2.8% year/year to $781.5 mln vs the $784.58 mln Capital IQ Consensus. Retail sales increased 5.4%1 on a constant currency basis, Brand comparable sales increased 2.8%.

• Co issues guidance for FY16, sees EPS of $1.17-1.25 vs. $1.19 Capital IQ Consensus Estimate; sees FY16 revs of $2.35-2.42 bln vs. $2.44 bln Capital IQ Consensus Estimate; expects brand comparable sales to range between flat to up slightly