Hot Topic comparable store sales likely to drop in April
10 May '07
1 min read
Hot Topic Inc announced the following sales results for its fiscal month of April, the combined March/April "Spring Break" period, and its first fiscal quarter (four weeks, nine weeks and thirteen weeks, respectively, ended May 5, 2007):
The company reiterated its previously issued first quarter (ended May 5, 2007) earnings guidance of a loss in the range of $0.01 to $0.04 per diluted share.
Additionally, a conference call to discuss first quarter results, business trends, guidance and other matters is scheduled for May 23, 2007 at 4:30 PM (ET). A replay will be available for approximately two weeks.
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'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 May 5, 2007 the company operated 695 Hot Topic stores in all 50 states and Puerto Rico, 131 Torrid stores, and Internet stores.
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