×
215
Fashion Jobs
CORPORATE MANPOWER
Requirement - Operations Manager
Permanent · Kolkata
DR LAL PATHLABS
Area Sales Manager - Vijayawada
Permanent · Vijayawada
SNAPSEAARCH
sr Production Manager For Hyderabad _api
Permanent · Hyderabad
ALLEGIS GROUP
Opening For Sales Manager - Chennai
Permanent · Chennai
GOODWEAR FASHIONS
Fresh Trainee Customer Service
Permanent · NEW DELHI
ADIDAS
Manager HR
Permanent · BENGALURU
SV MANAGEMENT CONSULTANTS
dy. Manager/ Shift in Charge - Production - Indore
Permanent · Indore
UNISON INTERNATIONAL CONSULTING
Garment Technician
Permanent · National Capital Region
WAYCOOL FOODS AND PRODUCTS
Area Sales Manager/ Sales Officer
Permanent · Chennai
VAMSHA RETAIL VENTURES
Foor Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
VAMSHA RETAIL VENTURES
Branch Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
HERITAGE FOODS
Required Area Sales Manager - Vijayawada @ Heritage Foods Ltd
Permanent · Vijayawada
RASHMI GROUP MUMBAI
Sales Managers/ Executives (Real Estate) Location: Vasai
Permanent · Mumbai
DTDC EXPRESS
Sales Manager
Permanent · National Capital Region
RJCUBE STAFFING SOLUTIONS
Senior Garment Technician For Buying House, Noida Sector 59
Permanent · Noida
HIRING PLUS HR SOLUTION
Icici / Sales Manager / Home Loan ,
Permanent · Vadodara
TALENT CORNER HR SERVICES
Production Manager
Permanent · Bhiwandi
ABS HR SOLUTIONS
Asst. Manager Forecasting, Merchandising &Scm For Beauty Brand(Gurgaon
Permanent · National Capital Region
MANPOWERGROUP SERVICES INDIA
Unit Sales Manager-Field
Permanent · Chennai
SUPER PLAS WASTE MANAGEMENT LIMITED
Production Manager
Permanent · National Capital Region
AFT RECRUITERS
Hiring For Ecommerce Manager For Apparel Company, Jaipur
Permanent · Jaipur
INDUSIND BANK
Area Sales Manager - Loan Against Property
Permanent · Chennai
By
Reuters
Published
May 6, 2010
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hot Topic April comp sales miss; first quarter loss view narrows

By
Reuters
Published
May 6, 2010

BANGALORE, May 5 (Reuters) - Hot Topic Inc's (HOTT.O) April same-store sales fell short of estimates, but the teen apparel retailer narrowed its first-quarter loss view on improved merchandise mix.

Hot Topic
Photo: www.hottopic.com

For the first quarter, Hot Topic now expects to post a loss of 3 cents to 4 cents per share, from its earlier view of a loss of 2 cents to 5 cents a share.

Analysts on average were expecting a loss of 4 cents a share, according to Thomson Reuters I/B/E/S.

"Within the first-quarter pre-announcement ... Hot Topic begins to move into easy comp comparison land," Wall Street Strategies analyst Brian Sozzi said.

"It is apparent that the core of the business continues to build upon the traction that sprouted in the fourth quarter of 2009," he added.

The company, which sells rock 'n' roll-inspired clothing as well as music and accessories to teenagers, has been trying to expand its merchandise to entertain a broader base, thus attracting more customers.

However, it is still finding it difficult to pick up on same-store sales performance, and for April, the company's same-store numbers were down 12.5 percent.

Analysts on average expected the company to post a same-store sale drop of 7.9 percent.

Unlike other teen retailers, Hot Topic is up against high year-over-year comparisons as the company got a big boost from selling 'Twilight' related merchandise last year.

For April, the impact of the Twilight Saga product cost the company about 4 percentage points of comparable sales, Chief Financial Officer Jim McGinty said on a call.

McGinty said the Easter shift was worth about 5 additional percentage points.

Hot Topic shares fell 2 percent to $7.14 after the bell. They closed at $7.30 in regular trading Wednesday 5 May on Nasdaq. (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Gopakumar Warrier)

© Thomson Reuters 2023 All rights reserved.