Earnings down 64 percent at iParty

Staff Writer
Mount Shasta Herald

IParty Corp. reported second-quarter earnings of $184,000, down 64 percent from the previous year.

Consolidated revenues declined 1.5 percent to $20.4 million for the quarter ending June 28. Sales at stores open at least a year fell 2.8 percent.

CEO Sal Perisano said second-quarter sales were hurt by the early Easter holiday, which shifted sales into the first quarter. While customer traffic has decreased slightly during the economic downturn, average transaction amounts increased. iParty’s core birthday party merchandise category remains strong, and the company saw a boost in sales from the Celtics’ win in the NBA Finals.

The company operates 50 stores in New England and Florida.