Home / Knowledge / News / Apparel/Garments / Rock n' roll-inspired apparel seller posts Q1 results
Rock n' roll-inspired apparel seller posts Q1 results
22
May '08
Hot Topic Inc announced that the company incurred a net loss in the first quarter of 2008 (13 weeks ended May 3, 2008) of $1.4 million, or $0.03 per share, compared with a net loss of $0.8 million, or $0.02 per share, in the first quarter of 2007 (13 weeks ended May 5, 2007). The first quarter 2008 results include approximately $0.01 per share of expense related to our online music initiative.

As previously reported, total sales for the first quarter of 2008 increased 1.1% to $159.0 million compared to $157.3 million for the first quarter last year. Total company comparable store sales declined 2.8% for the first quarter of fiscal 2008.

At the end of the first quarter of fiscal 2008, the company operated 686 Hot Topic stores and 154 Torrid stores compared to 695 Hot Topic stores and 131 Torrid stores at the end of first quarter fiscal 2007. During the first quarter of fiscal 2008, the company opened a total of four Torrid stores and closed four Hot Topic stores and one Torrid store. The company also remodeled or relocated seven Hot Topic stores during the quarter.

The company also announced that it estimates second quarter (ending August 2, 2008) loss per share to be in the range of $0.02 to $0.04, as compared to a loss per share of $0.04 last year, based upon comp sales in the range of flat to a low-single digit decline. Included in the guidance is approximately $0.01 to $0.02 per share of expense related to our online music initiative.

A conference call to discuss first quarter results, business trends, guidance and other matters is scheduled for May 21, 2008 at 4:30 PM (ET). In addition, the conference call will also be webcast on the company's Investor Relations website. A replay of the conference call will be available for approximately two weeks. In addition, a webcast replay of the conference call will be available on the company's Investor Relations website.

Hot Topic Inc


Must ReadView All

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Alibaba to invest $15 billion in DAMO Academy for research

Textiles | On 17th Oct 2017

Alibaba to invest $15 billion in DAMO Academy for research

Alibaba will invest $15 billion over the next several years in its...

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search