-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FNeFsh0ekC2hdz/LETrSL1dshdKiKc28+5kVEUgv5qUNVkmOV3DGoWuiUiQWpLSR YCh7Wnn/9us2jYW5B43iAQ== 0001019687-04-000992.txt : 20040505 0001019687-04-000992.hdr.sgml : 20040505 20040505161236 ACCESSION NUMBER: 0001019687-04-000992 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040505 ITEM INFORMATION: FILED AS OF DATE: 20040505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOT TOPIC INC /CA/ CENTRAL INDEX KEY: 0001017712 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-APPAREL & ACCESSORY STORES [5600] IRS NUMBER: 770198182 STATE OF INCORPORATION: CA FISCAL YEAR END: 0130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28784 FILM NUMBER: 04781776 BUSINESS ADDRESS: STREET 1: 18305 EAST SAN JOSE AVENUE CITY: CITY OF INDUSTRY STATE: CA ZIP: 91748 BUSINESS PHONE: 6268394681 MAIL ADDRESS: STREET 1: 18305 EAST SAN JOSE AVENUE CITY: CITY OF INDUSTRY STATE: CA ZIP: 91768 8-K 1 hottopic_8k-050504.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported) May 5, 2004 ----------- HOT TOPIC, INC. --------------- (Exact name of Registrant as specified in its charter) California 0-28784 77-0198182 ----------- ------- ---------- (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 18305 E. San Jose Avenue, City of Industry, California 91748 - ------------------------------------------------------ ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (626) 839-4681 ---------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION. The information in this Current Report is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing. Attached hereto as Exhibit 99.1 is a copy of a press release that Hot Topic, Inc. issued on May 5, 2004 reporting, among other things, its sales for the fiscal first quarter of 2004 (quarter ended May 1, 2004). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Hot Topic, Inc. /s/ James McGinty ----------------- James McGinty Chief Financial Officer and Secretary May 5, 2004 EX-99.1 2 hottopic_8kex99-1.txt EXHIBIT 99.1 ** NEWS RELEASE ** HOT TOPIC, INC. REPORTS 0.7% APRIL 2004 COMP SALES INCREASE FIRST QUARTER COMP SALES INCREASED 4.0% CITY of INDUSTRY, CA, May 5, 2004 -- Hot Topic, Inc. (Nasdaq National Market: HOTT) announced net sales for fiscal April 2004 (four weeks ended May 1, 2004) increased 22% to $39.4 million from net sales of $32.4 million for fiscal April 2003. Comparable store sales for April increased 0.7% over last year. Comparable Store Net Sales Sales Increase --------- -------------- This Last (millions) % Increase Year Year ---------- ---------- ---- ---- April $39.4 22% 0.7% 9.0% First Quarter $128.1 27% 4.0% 2.6% The Company also announced the repurchase of an aggregate of 1,280,000 shares of its Common Stock between March 23 and April 16, 2004 at an average cost of $24.41. On March 19, 2004, the Company announced Board of Directors approval of the repurchase of up to an aggregate of 2,000,000 shares of its Common Stock. The repurchase is expected to continue through Jan. 28, 2005, unless extended or shortened by the Board of Directors. The Company also reiterated that they are comfortable with the first quarter earnings guidance of $0.11 per diluted share, as compared to $0.09 last year, an increase of approximately 22%. For more detailed information on April sales results, please call (626) 771-0006 to listen to a recorded commentary. Additionally, a conference call to discuss first quarter results, business trends and other matters is scheduled for May 19, 2004 at 4:30 PM (ET). The conference call number is 800-370-0869, and will be accessible to all interested parties. It will also be webcast at www.companyboardroom.com. A replay will be available at 877-519-4471, pass code 4735750, for approximately 10 days. Hot Topic, Inc. is a national mall-based specialty retailer. Hot Topic offers apparel, accessories and gifts to young men and women principally between the ages of 12 and 22. Torrid, the company's second concept, provides plus-size fashion-forward apparel and accessories that target teen and adult women. The Company currently operates 532 Hot Topic stores in 49 states and Puerto Rico, 52 Torrid stores and Internet stores www.hottopic.com and www.torrid.com. In addition to the historical information contained herein, this news release may contain forward-looking statements, including statements relating to financial results, guidance, projections and other financial performance, and managing growth. These statements involve risks and uncertainties, including risks and uncertainties associated with meeting expected financial results, management of growth, relationships with mall developers and operators, the risk that available cash or mall space will not be adequate for planned expansion, fluctuations in sales and comparable store sales results, risks and uncertainties with respect to new store openings including risks associated with the Company's new store concepts and Internet stores, music and fashion trends, competition from other retailers, uncertainties generally associated with specialty retailing, the effect of economic conditions, the effect of severe weather or natural disasters, political and/or social changes or events that could negatively impact shopping patterns and/or mall traffic as well as other risks detailed in the Company's SEC reports, including its Annual Report on Form 10-K for the year ended January 31, 2004. The historical results achieved are not necessarily indicative of the future prospects of the Company. Contact: Hot Topic, Inc., City of Industry, CA Mr. Jim McGinty, CFO (626) 839-4681 x2675 Mr. Marc Campbell, Director of IR (626) 839-4681 x2419 -----END PRIVACY-ENHANCED MESSAGE-----