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Hot Topic, Inc. Reports Fourth Quarter Comp Sales Up 2.6%

Hot Topic, Inc. (NASDAQ Global Select Market: HOTT) today announced the sales results for its fourth fiscal quarter (fourteen weeks ended February 2, 2013). A summary of the sales results by division (including Internet) is as follows:

Comparable

Sales % Change (1)

  Net Sales (2)
This

Year

  Last

Year

$

Millions

  % Change

To Last

Year

FOURTH QUARTER:
Hot Topic 2.0 % 2.8 % $ 180.5 6.8 %
 
Torrid 5.4 % -1.9 % $ 52.5 28.4 %
 
Total Co. 2.6 % 1.9 % $ 233.0 11.0 %
 

FISCAL YEAR:

Hot Topic 3.5 % 0.7 % $ 553.7 3.6 %
 
Torrid 3.1 % 3.7 % $ 188.1 15.1 %
 
Total Co. 3.4 % 1.4 % $ 741.8 6.3 %
 

(1) Sales for fiscal 2012 periods are comparable to the previous fiscal year, which include the first week of fiscal February 2012 (week ended February 4, 2012). Additionally, during the first quarter of fiscal 2012, Hot Topic, Inc. began including Internet sales in the computation of comparable sales. All prior year comparable sales results have been adjusted to reflect this change.

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