Hot Topic Inc announced the sales results for its fourth fiscal quarter (thirteen weeks ended January 28, 2012).
The company raised its fourth quarter earnings guidance to the range of $0.19 to $0.20 per diluted share from the previous guidance of $0.17 to $0.19 per diluted share. This compares to earnings per share of $0.12 last year which excluded expenses of $0.13 per share for the implementation of the cost reduction plan.
Hot Topic, Inc. is a mall and web based specialty retailer operating the Hot Topic and Torrid concepts. Hot Topic offers music/pop culture-licensed and music/pop culture-influenced apparel, accessories, music and gift items for young men and women. Torrid offers apparel, lingerie, shoes and accessories designed for various lifestyles for young plus-size women.
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