Hot Topic Sales Up 4.7% in 3Q
City of Industry, Calif. Hot Topic, Inc. reported net income in the third quarter of $7.4 million compared to $6.7 million for the same period last year.
The company previously reported that its total sales for the third quarter of fiscal 2008 increased 4.7% to $197.3 million compared to $188.5 million for the same quarter last year.
Total company same-store sales increased 1.0% for the third quarter of fiscal 2008.
At the end of the third quarter of fiscal 2008, the company operated 683 Hot Topic stores and 158 Torrid stores compared to 695 Hot Topic stores and 147 Torrid stores at the end of the third quarter of fiscal 2007.
During the third quarter of fiscal 2008, the company opened one Hot Topic store and one Torrid store, and closed two Hot Topic stores and one Torrid store. The company also remodeled two Hot Topic stores during the quarter.