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Hot Topic reports Q4 profit on cost-cuts
City of Industry, Calif. -- Hot Topic Inc. earned $9 million in the three months that ended Jan. 28, compared with a loss of $578,000 in the year-ago period, on reduced spending.
Revenue in the fourth quarter slipped 1% to $209.9 million, from $212.4 million. Same-store sales increased 1.3%.
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Buckle Q4 profit up 13%
Kearney, Neb. -- The Buckle Inc. said Thursday its fiscal fourth-quarter net income rose a better-than-expected 13% to $56.1 million amid higher same-store sales and growing online demand.
Revenue rose 11% to $337.1 million from $303.1 million. Same-store sales increased 8%. Online sales, which are not included in that total surged 31% to $27.6 million.
Buckle, which also sells tops, shoes and other clothing, caters to teens.