Hot Topic Posts Loss Despite Gain in Revenue
From the Associated Press
Hot Topic Inc. said its fiscal fourth-quarter earnings fell to $10.6 million, or 23 cents a share, compared with $17.4 million, or 38 cents, a year earlier. Revenue grew 9% to $230.4 million.
The City of Industry-based company also said it expected to open about 40 Hot Topic stores, 20 less than previously announced, and 10 Torrid stores, 15 less than it had planned.
