Specialty retailer Hot Topic achieves Q4 earnings as per guidence
02 Feb '06
2 min read
Mall-based specialty retailer Hot Topic Inc announced the following sales results for its fiscal month of January (four weeks ended January 28, 2006):
The company reiterated its fourth quarter (ended January 28, 2006) earnings guidance of $0.21 to $0.24 per diluted share.
During the fourth quarter, the company repurchased an aggregate of 990,000 shares of its common stock at an average cost of $13.74, completing the stock repurchase program that was announced in August 2005.
Program-to-date, the company has acquired 1,435,000 shares of its common stock at an average cost of $13.94, reflecting a total investment of approximately $20 million.
For more detailed information on January sales results, please call (626) 709-1209 to listen to a recorded commentary.
Additionally, a conference call to discuss fourth quarter and fiscal year results, business trends, guidance and other matters is scheduled for March 15, 2006 at 4:30 PM (ET).
Hot Topic offers apparel, accessories and gifts to young men and women principally between the ages of 12 and 22.
Torrid, the Company's second concept, provides plus-size fashion-forward apparel and accessories that target young women principally between the ages of 15 and 29.
As of January 28, 2006 the Company operated 663 Hot Topic stores in all 50 states and Puerto Rico, 120 Torrid stores, and Internet stores www.hottopic.com and www.torrid.com.
marketing@alchempro.com
