Hot Topic 1Q Loss Narrows

City of Industry, Calif., Hot Topic Inc. posted a smaller net loss for its fiscal first quarter on Wednesday, as sales inched higher.

For the quarter ended May 5, the company posted a loss of $809,000 compared with a loss of $1.4 million in the same period a year ago.

Comp-store sales declined 2.3% during the quarter, while revenue climbed 2% to $157.3 million from $154 million.