Hot Topic, Inc. Reports Holiday 2012 Comp Sales Up 2.2%
CITY OF INDUSTRY, Calif. - (BUSINESS WIRE) - Hot Topic, Inc. (NASDAQ Global Select Market: HOTT) today announced the sales results for the combined November/December "Holiday" period (nine weeks ended December 29, 2012). A summary of the sales results by division (including Internet) is as follows:
| Comparable | ||||||||||||
| Sales % Change * | Net Sales | |||||||||||
| % Change | ||||||||||||
| This | Last | $ | To Last | |||||||||
| Year | Year | Millions | Year | |||||||||
| HOLIDAY: | ||||||||||||
| Hot Topic | 1.6 | % | 2.7 | % | $ | 141.1 | 0.8 | % | ||||
| Torrid | 5.5 | % | -2.2 | % | $ | 36.2 | 18.8 | % | ||||
| Total Co. | 2.2 | % | 1.8 | % | $ | 177.3 | 4.0 | % | ||||
|
YEAR TO DATE: |
||||||||||||
| Hot Topic | 3.5 | % | 0.5 | % | $ | 514.2 | 1.7 | % | ||||
| Torrid | 3.0 | % | 4.1 | % | $ | 171.8 | 12.3 | % | ||||
| Total Co. | 3.4 | % | 1.3 | % | $ | 686.0 | 4.2 | % | ||||
* 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.
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.
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