Hot Topic profit up in Q4, full year

City of Industry, Calif. Hot Topic reported net income for its fourth quarter of $14.2 million, compared with $11.9 million in the same period last year. For the fiscal year of 2008, the company reported net income of $19.7 million, compared with $16.0 million last year.

As previously reported, total sales for fourth quarter fiscal 2008 increased 7.8% to $238.0 million, compared with $220.7 million for the fourth quarter last year.

Total company same-store sales increased 5.2% for fourth quarter fiscal 2008. In addition, total sales for full-year fiscal 2008 increased 4.5% to $761.1 million, compared with $728.1 million for full-year fiscal 2007.

Same-store sales increased 1.0% for full-year fiscal 2008.