In early May, Hot Topic posted Q1 fiscal 2010 sales decreasing 7.1% compared to Q1 fiscal 2009. HOTT has continuted to post underperforming sales figures, as the firm had -2.1% comparable store sales in June and -9.0% comparable store sales in July.
Special $1.00/sh payout plus ongoing dividends in the future
HOTT announced it expects Q4 2009 EPS to be $0.23 to $0.26 per share based on its poor back-to-school sales. Analysts estimated HOTT EPS to be $0.30 per share for the quarter.