The company reiterated its previously announced fourth quarter earnings guidance (14 weeks ending February 2, 2013) in the range of $0.23 to $0.27 per share, as compared to earnings per share of $0.21 last year. This guidance is based upon a comp sales increase in the low to mid-single-digit percentage range. In addition, the company announced initial 2013 earnings guidance (52 weeks ending February 1, 2014) to be in the range of an increase of 30 to 35% over fiscal 2012 based upon a comp sales increase in the low-single-digit range.“We experienced the positive results from the new merchandising and sourcing strategies at Torrid this quarter, and remain enthusiastic about Torrid as a growth vehicle for Hot Topic, Inc.,” said Lisa Harper, Chairman and CEO of Hot Topic, Inc. “At Hot Topic, we continue to see strong results in the fashion apparel and tee businesses, which offset the challenges in accessories. We are excited about the prospects of our businesses in 2013. Based upon our progress and positive outlook, we continue to plan to open approximately 40 new Torrid stores, 15 new Hot Topic outlets and an additional 5 to 10 Blackheart stores in 2013.”
Hot Topic, Inc. Reports Holiday 2012 Comp Sales Up 2.2%
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