Markets
U.S. open in 36 hrs, 46 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
Hot Topic October sales comparison falls 2.6 pct
AP ONLINE
posted: 21 DAYS 4 HOURS AGO
CITY of INDUSTRY, Calif. (AP) — Hot Topic Inc. said Wednesday that sales at stores open at least a year fell 2.6 percent in October, beating a consensus forecast from Wall Street.
Analysts surveyed by Thomson Reuters, on average, expected sales at stores open at least a year to drop 3.5 percent.
Sales at stores open at least a year are a key measure of retailer performance because they measure growth at existing stores rather than from newly opened ones.
For the four-week period ended Oct. 31, total sales fell 1.8 percent to $63.6 million.
So far this year, total sales have slipped 0.1 percent to $522.5 million.
Shares closed earlier down 4 cents at $7.46, but jumped 4.4 percent to $7.79 in aftermarket trading after the news was released.
COMMENTS ( 0 )
Latest Money News
- Talk about a low interest rate: U.S. Treasury borrows $44 billion for less than 1%
- Google set to map the world - and push out GPS makers as a result?
- Washington Mutual gave a mortgage to O.J. Simpson
- Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
- Deere up on Q4 earnings performance