Mall-based specialty retailer Hot Topic Inc announced the following sales results for its fiscal month of March (five weeks ended April 1, 2006):
Comparable Store
Net Sales Sales % Change
-------------------- --------------------
% Change
$ to Last This Last
Millions Year Year Year
-------- -------- ------ ------
March $59.3 -1% -12.7% 5.3%
Quarter-
to-date $107.7 2% -10.9% 3.1%
The company announced that as a result of the lower than expected sales performance quarter-to-date, it now estimates a net loss for the first quarter of 2006 (ending April 29, 2006) in the range of approximately $0.01 to $0.04 per diluted share. The revised guidance reflects a comparable store sales decline in the mid to high single digit range for the quarter.
For more detailed information on March sales results, please call 626-709-1209 to listen to a recorded commentary.
Hot Topic Inc is a national mall-based specialty retailer. Hot Topic offers apparel, accessories and gifts to young men and women principally between the ages of 12 and 22. Torrid, the company'ssecond concept, provides plus-size fashion-forward apparel and accessories that target young women principally between the ages of 15 and 29.
As of April 1, 2006 the company operated 667 Hot Topic stores in all 50 states and Puerto Rico, 120 Torrid stores, and Internet stores www.hottopic.com and www.torrid.com.
Hot Topic Inc
marketing@alchempro.com
