Factory Card & Party Outlet Corp. Announces Sales for May and First Quarter Results to Be Released June 19, 2007

  
    
  
  
    
      Factory Card & Party Outlet Corp. (NASDAQ:FCPO) announced today that net 
      sales for the four-week period ended June 2, 2007 decreased 2.5 percent 
      from the four-week period ended June 3, 2006. Comparable store sales for 
      the four-week period ended June 2, 2007 decreased 0.6 percent from the 
      prior year.
    
    
      
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
          Percent Change
        
      
      
        
          Net Sales

          
            (dollars in millions)
          
        
        
          
            June 2,
          
          
            2007 
          
        
        
        
        
          
            June 3,
          
          
            2006 (1) 
          
        
        
        
        
          
            Total
          
          
            Sales 
          
        
        
        
        
          
            ComparableSales 
          
        
      
      
        
          4 weeks ended
        
        
          $23.7 
        
        
        
        
          $24.3 
        
        
        
        
          (2.5)%
        
        
        
        
          (0.6)%
        
      
      
        
          17 weeks ended
        
        
          $80.9 
        
        
        
        
          $82.9 
        
        
        
        
          (2.4)%
        
        
        
        
          (1.0)%
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
    
    
      (1) Prior year sales do not reflect prior year fiscal period sales as 
      they have been restated for comparability consistent with the National 
      Retail Federation calendar.
    
    
      The Company also announced today that it will report financial results 
      for the fiscal first quarter, ended May 5, 2007, on Tuesday, June 19, 
      2007.
    
    
      Factory Card & Party Outlet management will host a conference call at 
      9:00 a.m. CDST that day to review financial results and other corporate 
      events. The call can be accessed by dialing [phone] and 
      referencing conference ID code 3449384 or via the Internet at http://audioevent.mshow.com/333212. 
      Participants are asked to call the assigned number or access the listed 
      URL approximately 10 minutes before the call begins.
    
    
      A replay of the call will be available two hours after its conclusion, 
      for the following 30 days, by dialing [phone] and referencing 
      conference ID code 3449384, accessing http://audioevent.mshow.com/333212, 
      or by visiting the Company’s Corporate 
      Information page at http://www.factorycard.com.
    
    
      Factory Card & Party Outlet (www.factorycard.com) 
      based in Naperville, Illinois, is the largest publicly traded retail 
      party chain in the United States. Factory Card & Party Outlet currently 
      operates 185 Company-owned retail stores in 20 states, offering a wide 
      selection of party supplies, greeting cards, giftwrap, balloons, 
      everyday and seasonal merchandise, and other special occasion 
      merchandise at everyday value prices.
    
    
      Certain statements in this news release constitute “forward-looking 
      statements” within the meaning of the Private 
      Securities Litigation Reform Act of 1995. Such forward-looking 
      statements involve known and unknown risks, uncertainties, year-end 
      adjustments and other factors that may cause the actual results, 
      performance or achievements of the Company, or industry results, to be 
      materially different from any future results, performance or 
      achievements express or implied by such forward-looking statements.
    
    
      In general, the results, performance or achievements of the Company and 
      its stores and the value of the Company’s 
      common stock are dependent upon a number of factors including, without 
      limitation, the dependence on key personnel; competition, ability to 
      anticipate merchandise trends and consumer demand; ability to maintain 
      relationships with suppliers; successful implementation of information 
      systems; successful handling of merchandise logistics; inventory 
      shrinkage; ability to meet future capital needs; governmental 
      regulations; and other factors both referenced and not referenced in the 
      Company’s filings with the Securities and 
      Exchange Commission.