1 826
Fashion Jobs
L'OREAL GROUP
National Account Manager - Grocery
Permanent · MELBOURNE
L'OREAL GROUP
Assistant Brand Manager
Permanent · MELBOURNE
TRP RECRUITMENT
Senior Buyer - Womenswear
Permanent · CANBERRA
MYER
Retail Property Manager
Permanent · DOCKLANDS
MYER
Uniformed Loss Prevention Officer | North Lakes
Permanent · NORTH LAKES
MYER
Uniformed Loss Prevention Officer | Garden City, Carousel & Karrinyup
Permanent ·
MYER
Uniformed Loss Prevention Officer | Garden City, Carousel & Karrinyup
Permanent · KARRINYUP
MYER
Uniformed Loss Prevention Officer | Adelaide City & Tea Tree Plaza
Permanent · ADELAIDE
MYER
Uniformed Loss Prevention Officer | Adelaide City & Tea Tree Plaza
Permanent · MODBURY
MYER
Uniformed Loss Prevention Officer | Sydney City, Bondi, Eastgardens & Chatswood
Permanent · BONDI
MYER
Uniformed Loss Prevention Officer | Sydney City, Bondi, Eastgardens & Chatswood
Permanent · CHATSWOOD
MYER
Uniformed Loss Prevention Officer | Sydney City, Bondi, Eastgardens & Chatswood
Permanent · EASTGARDENS
MYER
Uniformed Loss Prevention Officer | Sydney City, Bondi, Eastgardens & Chatswood
Permanent ·
MYER
Uniformed Loss Prevention Officer | Miranda
Permanent · MIRANDA
UNILEVER
Site Training Coordinator
Permanent · MINTO
UNILEVER
Health & Wellbeing Regulatory Affairs Assistant Manager
Permanent · NORTH ROCKS
BULGARI
Sales Administrator
Permanent · SYDNEY
H&M
Facilities Manager
Permanent · SYDNEY
NIKE
Technical Operations Specialist - Pacific
Permanent · MELBOURNE
BOARDRIDERS
Anz Business Intelligence Manager
Permanent · BYRON BAY
SAINT LAURENT
Saint Laurent Finance Manager Anz
Permanent · SYDNEY
COTY
Influencer Marketing Manager (Rimmel & Maxfactor)
Permanent · SYDNEY
By
Reuters
Published
Mar 11, 2010
Download
Download the article
Print
Text size

Hot Topic fourth quarter profit in line, shares fall on first quarter EPS view

By
Reuters
Published
Mar 11, 2010

March 10 (Reuters) - Teen clothing retailer Hot Topic Inc (HOTT.O) forecast a first-quarter loss that could be wider than market estimates, partly as it expects comparable store sales to continue to fall, sending its shares down 6 percent.


Photo: www.hottopic.com

The company, which posted an in-line fourth-quarter profit, expects a same-store sales decline in the high-single-digit percentage range for the first quarter.

Hot Topic, which licenses clothing and accessories such as "Twilight" and "Alice in Wonderland," posted fourth-quarter net income of $8.0 million, or 18 cents a share, compared with $14.2 million, or 32 cents a share, a year ago.

Sales at the company -- which sells Goth-inspired clothing, as well as music and accessories -- fell 10 percent to 214.2 million.

Analysts on average were expecting earnings of 18 cents a share, before special items, on revenue of $214.6 million, according to Thomson Reuters I/B/E/S.

The company was caught holding too much Twilight saga gear and had a soft teen reception to new music releases, Wall Street Strategies analyst Brian Sozzi said in a note.

For the first quarter, it expects to post a loss of 2 cents to 5 cents a share. Analysts expected a loss of 2 cents.

Shares of the California-based company were trading at $5.50 Wednesday 10 March after the bell. They closed at $6.55 on Nasdaq. (Reporting by Mihir Dalal in Bangalore; Editing by Gopakumar Warrier, Jarshad Kakkrakandy)

© Thomson Reuters 2024 All rights reserved.