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Non-Tech : Retail Sector Earnings Reports -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (170)	7/31/2002 9:22:24 AM
From: 2MAR$	Respond to of 246

Hot Topic sees flat earnings, lower sales ($21-$16) CITY OF INDUSTRY, Calif., July 31 (Reuters) - Specialty retailer Hot Topic Inc. <HOTT.O> on Tuesday warned that July sales would fall short of its expectations and second-quarter earnings would be little changed from a year earlier. The retailer said it expects second-quarter earnings of 13 cents per share on sales of $92 million. Analysts on average were expecting earnings of 15 cents per share, according to research firm Thomson First Call. Hot Topic said July sales at stores open at least a year, or same-store sales, would show a decline of 3 percent to 4 percent from a year earlier. The company also said it anticipates weak same-store sales in August because of weak back-to-school sales trends. It forecast earnings of 27 cents to 29 cents a share in the third quarter, compared with 26 cents a year earlier. ((Philip Klein, New York Equities Desk, (646)-223-6023)) REUTERS * end of story *