Capitalizing on its tie-in with a teen-oriented movie, Hot Topic Inc. went against the grain of specialty store competitors Wednesday with higher third-quarter sales and earnings. The company beat analysts’ expectations and maintained fourth-quarter guidance.
For the quarter ended Nov. 1, the City of Industry, Calif.-based company reported an 11.4 percent increase in profits, to $7.4 million, or 17 cents a share, from $6.7 million, or 15 cents a share, for the year-ago period. Net sales grew 4.7 percent to $197.3 million from $188.5 million. Analysts surveyed by Yahoo Finance were expecting EPS of 16 cents on sales of $195.8 million.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)