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Published
Mar 4, 2010
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Hot Topic February sales ahead of estimates

By
Reuters
Published
Mar 4, 2010

March 3 (Reuters) - Teen clothing retailer Hot Topic Inc's (HOTT.O) same-store sales came in ahead of estimates, after three straight months of missing analysts' expectations, driven by strong sales at its Torrid division that caters to plus-size women.


Photo: www.hottopic.com

Same-store sales at Hot Topic, which sells rock 'n' roll-inspired clothing as well as music and accessories to teenagers, fell 7 percent in February.

Analysts on average were expecting a 13.1 percent drop in same-store sales, according to Thomson Reuters data.

Sales at Hot Topic's Torrid division, which sells apparel, shoes and accesories for plus-size females, were up 8.5 percent, while sales at its namesake division fell 11.2 percent.

Shares of the City of Industry, California-based retailer closed at $6.25 Wednesday 3 March on Nasdaq. (Reporting by Viraj Nair in Bangalore; Editing by Unnikrishnan Nair) (([email protected]; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: [email protected]))

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