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March 16, 2006 | From the Associated Press
Hot Topic Inc. said its fiscal fourth-quarter earnings fell to $10.6 million, or 23 cents a share, compared with $17.4 million, or 38 cents, a year earlier. Revenue grew 9% to $230.4 million. The City of Industry-based company also said it expected to open about 40 Hot Topic stores, 20 less than previously announced, and 10 Torrid stores, 15 less than it had planned.
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BUSINESS
August 23, 2007 | From Times Staff and Wire Reports
Teen apparel retailer Hot Topic Inc. said its second-quarter loss nearly doubled as same-store sales fell. The loss for the quarter ended Aug. 4 was $1.7 million, or 4 cents a share, compared with a loss of $905,000, or 2 cents, a year earlier, City of Industry-based Hot Topic said. Revenue rose less than 1% to $161.7 million. Analysts expected a loss of 3 cents a share on revenue of $160.5 million. Same-store sales, or stores open at least a year, fell 5.8% during the quarter.
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BUSINESS
March 15, 2007 | From the Associated Press
Teen-oriented retailer Hot Topic Inc. said its fiscal fourth-quarter profit fell 16% as higher expenses offset sales gains. Net income for the City of Industry-based company decreased to $8.9 million, or 20 cents a share, from $10.6 million, or 23 cents, a year earlier. Revenue grew 4% to $240.5 million. Analysts had forecast a profit of 21 cents a share on revenue of $238.6 million.
BUSINESS
March 15, 2007 | From the Associated Press
Teen-oriented retailer Hot Topic Inc. said its fiscal fourth-quarter profit fell 16% as higher expenses offset sales gains. Net income for the City of Industry-based company decreased to $8.9 million, or 20 cents a share, from $10.6 million, or 23 cents, a year earlier. Revenue grew 4% to $240.5 million. Analysts had forecast a profit of 21 cents a share on revenue of $238.6 million.
BUSINESS
November 16, 2006 | From the Associated Press
Hot Topic Inc., the City of Industry-based teen retailer, said third-quarter profit rose 19%, as the number of stores the company operated grew. Earnings increased to $7.1 million, or 16 cents a share, from $5.9 million, or 13 cents, a year earlier. Sales rose 2% to $196.7 million. Sales at stores open at least a year, an important industry gauge known as same-store sales, decreased 6.8% in the quarter.
BUSINESS
November 7, 2002 | From Bloomberg News
Hot Topic Inc., a retailer of apparel and accessories for teenagers, said it expects a third-quarter profit as sales increased 33% from a year earlier. The profit for the quarter ended Nov. 2 was about 30 cents a share, the company said of preliminary earnings. For the year-earlier period, Hot Topic reported a profit of 39 cents a share. Third-quarter sales increased to $122.6 million from $92.1 million. Same-store sales increased 6.3% from a year earlier.
BUSINESS
November 20, 2001 | Bloomberg News
Hot Topic Inc., which sells rock-band T-shirts and other music-related merchandise, said fiscal third-quarter profit rose 16% as sales increased. Net income rose to $8.51 million, or 39 cents a share, from $7.32 million, or 34 cents, a year earlier, the company said. Sales increased 28% to $92.1 million from $72.2 million. Same-store sales, or sales at stores open at least a year increased 2.2%, the Industry-based company said.
BUSINESS
January 5, 1999 | A Times Staff Writer
Hot Topic Inc., a mall-based specialty retailer that caters to teens, said sales for the nine weeks ended Saturday that made up the 1998 holiday shopping season rose 34% to $30 million from $22.4 million in the year-ago period. Same-store sales--or sales at stores open at least a year--decreased 7.2% for the nine-week period compared with a year ago. Pomona-based Hot Topic said sales picked up after Christmas.
BUSINESS
September 25, 1996 | From Bloomberg Business News
Shares of Hot Topic Inc., the Pomona-based retailer of music-related apparel and accessories aimed at teenage shoppers, rose 45% in their first day of trading Monday. Hot Topic stock climbed $8.125 to $26.125 in Nasdaq trading of 2.25 million shares, making it the second-largest percentage gainer in U.S. markets. "These guys eat and sleep MTV," William Chenoweth, senior portfolio manager at Turner Investment Partners, said of the company's management.
BUSINESS
December 2, 1999 | A Times Staff Writer
Shareholders of Industry-based Hot Topic Inc. have plenty to talk about these days. On Wednesday, the seller of music-related apparel, accessories and gift items aimed at 12- to 22-year-old consumers declared a 2-for-1 split of its volatile shares. After losing ground in 1998, the stock has more than tripled this year. The company's first-ever split will take place Dec. 27 for holders of record Dec. 13. Hot Topic also said November sales rose 72% to $13.4 million, versus $7.
BUSINESS
January 4, 2007 | Alana Semuels, Times Staff Writer
It's been a cold winter for City of Industry-based retailer Hot Topic Inc., whose shares tumbled nearly 12% in extended trading Wednesday after the company lowered its fiscal fourth-quarter earnings estimates by more than a third. Hot Topic said it expected earnings per share of about 20 cents to 22 cents, down from previous estimates of 33 cents to 38 cents. Analysts had been expecting earnings of 34 cents a share. The stock closed at $13.54, up 20 cents for the day, and then fell $1.59 to $11.
BUSINESS
November 16, 2006 | From the Associated Press
Hot Topic Inc., the City of Industry-based teen retailer, said third-quarter profit rose 19%, as the number of stores the company operated grew. Earnings increased to $7.1 million, or 16 cents a share, from $5.9 million, or 13 cents, a year earlier. Sales rose 2% to $196.7 million. Sales at stores open at least a year, an important industry gauge known as same-store sales, decreased 6.8% in the quarter.
BUSINESS
August 2, 2006 | Leslie Earnest, Times Staff Writer
Jittery investors sent teen retailers' stocks tumbling Tuesday, a day after Goth-inspired Hot Topic Inc. announced disappointing sales at the start of the important back-to-school selling season. Youth apparel companies that saw their shares slip included Abercrombie & Fitch Co., Aeropostale Inc., Gap Inc., Volcom Inc. and Zumiez Inc. City of Industry-based Hot Topic, which sells rock and alternative music-themed products, led the downturn. Its shares fell 17% to $12.22, down $2.48.
BUSINESS
March 16, 2006 | From the Associated Press
Hot Topic Inc. said its fiscal fourth-quarter earnings fell to $10.6 million, or 23 cents a share, compared with $17.4 million, or 38 cents, a year earlier. Revenue grew 9% to $230.4 million. The City of Industry-based company also said it expected to open about 40 Hot Topic stores, 20 less than previously announced, and 10 Torrid stores, 15 less than it had planned.
BUSINESS
November 17, 2005 | From Associated Press
Hot Topic Inc. said Wednesday that net income fell 52% in the third quarter as same-store sales declined. Profit at the mall-based teen retailer fell to $5.9 million, or 13 cents a share, from $12.4 million, or 26 cents, last year. Sales increased 7% to $192.7 million. Sales at stores open at least a year, a key measure of retail health, fell 6.2%, a steeper drop than the 4.2% decrease last year.
BUSINESS
August 18, 2005 | David Colker, Times Staff Writer
Shares of teenage clothing retailer Hot Topic Inc. tumbled Wednesday after the company reported disappointing second-quarter results and warned that sales and earnings for the rest of the year would be below Wall Street's expectations. The City of Industry-based company saw its earnings drop 80% to $893,000, or 2 cents a share, down from a restated $4.5 million, or 9 cents, last year. Sales for the quarter that ended July 30 increased 12% to $152.2 million, up from $136.3 million.
BUSINESS
August 23, 2001 | Bloomberg News
Hot Topic Inc., the Industry-based retailer whose offerings include rock band T-shirts and body-piercing jewelry, said profit jumped 37% in the second quarter to $4.28 million, or 19 cents a share, matching analyst forecasts. The company said sales climbed 39% to $71.9 million, while sales at stores open at least a year grew 2.4%. Chief Executive Betsy McLaughlin said Hot Topic continues "to see favorable reactions to [its] back-to-school merchandise assortment in August."
BUSINESS
November 4, 2004 | Leslie Earnest, Times Staff Writer
Teen retailer Hot Topic Inc., usually a magnet for Halloween shoppers, got tricked instead of treated last month as sales slid. The Commerce-based company said total sales at stores open at least a year fell 4.2% -- and sales of Halloween merchandise tumbled 10% -- in the quarter that ended Oct. 30. As a result, Hot Topic lowered third-quarter earnings expectations to 27 cents a share. A consensus of analysts polled by Thomson First Call had put per-share profit at 30 cents.
BUSINESS
March 17, 2005 | Leslie Earnest, Times Staff Writer
Hot Topic Inc. said Wednesday that its fiscal fourth-quarter profit fell 23% as it cut prices to sell clothes and accessories to young shoppers. The Industry-based teen retailer earned $17.4 million, or 38 cents a share, down from $22.5 million, or 45 cents, a year earlier. Per-share earnings matched a consensus of analysts polled by Thomson First Call. Sales for the quarter that ended Jan. 29 increased 9% to $211.3 million.
BUSINESS
December 13, 2004 | Leslie Earnest, Times Staff Writer
Jessica Calienes likes shopping as much as the next young woman. But not at Hot Topic, with its vinyl bras, flame pajamas, skull rings and pink hair dye. "It scares me," said the 19-year-old student from Diamond Bar, outfitted in hip-hugger jeans, a tan pullover and a scarf draped around her neck for an excursion at Brea Mall. "They tend to sell a lot of Goth, and that's totally not my style." If Hot Topic Inc.
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