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From: Smiling Bob	5/6/2009 5:16:47 PM
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Hot Topic shares tumble as April same-store sales miss estimates Wed May 6, 2009 4:40pm EDT * April comp sales up 3.1 pct vs est of 7 pct * April net sales up about 6 pct * Q1 net sales of $175.1 mln vs est of $174.18 * Shares down 15 pct May 6 (Reuters) - Teen-clothing retailer Hot Topic Inc (HOTT.O: Quote, Profile, Research, Stock Buzz) posted April same-store sale results that missed estimates, even though monthly sales rose, as performance at its Torrid stores weighed down on performance. Shares of the company were trading down 15 percent at $10.53 in after-hours trade. Same-store sales, or sales at stores open for at least a year, were up 3.1 percent, compared with analyst estimates of 7 percent. The company, which is a favourite with teenagers for its popular goth and rock 'n' roll-inspired apparel and accessories, saw April comparable sales rise 5 percent at its namesake stores, but those at Torrid stores fell 2.8 percent. The mall and Internet-based retailer posted monthly sales of $47.3 million, a rise of nearly 6 percent. First-quarter revenue rose 10 percent to $175.1 million, beating market estimates. [ID:nWNAB4600] (Reporting by Nivedita Bhattacharjee in Bangalore; Editing by Anil D'Silva) © Thomson Reuters 2009. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world. Thomson Reuters journalists are subject to an Editorial Han

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