On March 15, retailer Hot Topic (NASDAQ:HOTT) released results for the year ended Jan. 28.

  • Comparable-store sales fell 3.4% in the full year versus negative 2.9% comps in the prior year.
  • The company announced that it is significantly curtailing its store expansion program, targeting 50 openings in 2006 versus the original plan of 75.
  • The company completed a share buyback program of 1.435 million shares.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

FY 2005

FY 2004

% Change

Sales

$723

$725

$656

+10.5%

Net Profit

--

$22

$40

(43.5%)

EPS

$0.50

$0.49

$0.83

(41.0%)



Get back to basics with a look at the income statement.

Margin Checkup

FY 2005

FY 2004

Change

Gross Margin

32.57%

35.61%

(3.04%)

Op. Margin

4.44%

9.65%

(5.21%)

Net Margin

3.09%

6.04%

(2.95%)



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

FY 2005

FY 2004

% Change

Cash + ST Invest.

$38

$66

(3.2%)

Inventory

$71

$60

+17.7%



Liabilities

FY 2005

FY 2004

% Change

Long-Term Debt

--

--

N/A

Accounts Pay.

$18

$18

+1.4%



Related Companies:

  • American Eagle Outfitters (NASDAQ:AEOS)
  • Aeropostale (NYSE:ARO)
  • Urban Outfitters (NASDAQ:URBN)
  • Citi Trends (NASDAQ:CTRN)

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Fool contributor Stephen Simpson owns shares of American Eagle Outfitters but has no financial interest in any other stocks mentioned (that means he's neither long nor short the shares). The Motley Fool has a disclosure policy.