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Hot Topic 1Q Sales Up 10%

(Filed Under Financial and General Interest News). Hot Topic, Inc. reported total net sales of $175.1 million for the first quarter period ended May 2, 2009 compared to $159 million during the same period last year, a 10.1 percent increase.

Total company comparable store sales increased 7.1 percent, with Torrid sales down 1.7 percent and Hot Topic sales up 9.6 percent.

The company’s reported net income was $1.2 million compared to a net loss of $1.4 million during last year’s period.

At the quarter’s end, Hot Topic, Inc. operated 679 Hot Topic stores and 158 Torrid stores compared to 686 Hot Topic stores and 154 Torrid stores at the end of the first quarter in fiscal year 2008.

For further information, contact Jim McGinty, CFO of Hot Topic: (626) 839-4681.

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Published 05-22-2009 by Amanda Torres Price

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