Monday, June 13, 2011

Hot Topic sees increased same-store sales - Los Angeles Business from bizjournals:

domnaofyvisyhojo.blogspot.com
Overall, the company saw a 7.1 percenft increase in same-store sales, which measure sales of storea open at leastone year. The company broughtr in $70.5 million during March, up 10.6 percent from a year ago. The company'x Torrid stores saw a 5.9 percent drop in same-stors sales, bringing in $15.w2 million, a 3.2 percent increase from a year ago. Hot Topic stores saw a 10.6 percent increase in same-store sales, bringing in $55.3 million, up 12.8 percenf from a year ago. The company also increased its guidances for thefirst quarter, basedx on the same-store saleds figures. The company now expects to earn between 1 and 2 centzper share.
Previously, the company's range was from a loss of 1 cent a sharse to earnings of 1 centa share. City of Industry-baserd Hot Topic (NASDAQ: HOTT) is a mall-basexd retailer that operates the Hot Topic and Torrix brands that aim atyoung adults. It also operates musixc website ShockHound.

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