Hot Topic’s profit, stores grow in third quarter
From the Associated Press
Hot Topic Inc., the City of Industry-based teen retailer, said third-quarter profit rose 19%, as the number of stores the company operated grew.
Earnings increased to $7.1 million, or 16 cents a share, from $5.9 million, or 13 cents, a year earlier. Sales rose 2% to $196.7 million.
Sales at stores open at least a year, an important industry gauge known as same-store sales, decreased 6.8% in the quarter.
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