Hot Topic (HOTT) Sees Comps Up 6% Y/Y for January 2010

Hot Topic, Inc. (NASDAQ: HOTT) today announced the sales results for its fiscal month of January as well as its fourth quarter and fiscal year (four weeks, thirteen weeks and fifty-two weeks, respectively, ended January 30, 2010). A summary of the sales results by division (including internet) is as follows:

Comparable Store



                 Net Sales % Change       Sales % Change

                        -----------------  ------------------

                            $       To Last     This      Last



                         Millions   Year       Year      Year

                         --------  -------  ----------  ------

  JANUARY:



   Hot Topic          30.3  -15.40%     -17.40%   8.80%



   Torrid              9.5    5.40%       5.70%  -6.20%



   Total Co.          39.8  -11.20%     -13.10%   6.00%



  FOURTH

   QUARTER:



   Hot Topic         174.2  -12.40%     -13.50%   6.50%



   Torrid               40    1.70%       0.00%  -2.70%



   Total Co.         214.2  -10.00%     -11.50%   5.20%



  FISCAL YEAR:



   Hot Topic         579.8   -4.50%      -5.60%   1.80%



   Torrid            156.9    1.60%      -2.90%  -2.40%



   Total Co.         736.7   -3.20%      -5.10%   1.00%

The company now expects its fourth quarter earnings to be at the low end of its guidance of $0.18 to $0.20 per diluted share.

You May Also Be Interested In