Hot Topic, Inc. Reports March Comp Store Sales up 5.3%

    Business Editors

    CITY OF INDUSTRY, Calif.--(BUSINESS WIRE)--April 6, 2005--Hot Topic, Inc. (Nasdaq:HOTT) today announced the following sales results for the fiscal month of March (ended April 2, 2005):

Net Sales Comparable Store Sales % Increase $ Millions % Increase This Last to Last Year Year Year March $59.7 21% 5.3% 3.9%

Quarter-to-date $105.7 19% 3.1% 5.5%
    For more detailed information on March sales results, please call 626-709-1209 to listen to a recorded commentary.
    Hot Topic, Inc. is a national mall-based specialty retailer. Hot Topic offers apparel, accessories and gifts to young men and women principally between the ages of 12 and 22. Torrid, the Company's second concept, provides plus-size fashion-forward apparel and accessories that target young women principally between the ages of 15 and 29. The Company currently operates 603 Hot Topic stores in all 50 states and Puerto Rico, 82 Torrid stores, and Internet stores www.hottopic.com and www.torrid.com.

    In addition to the historical information contained herein, this news release contains forward-looking statements, which include statements relating to financial results, guidance, projections and other financial performance, and managing growth. These statements involve risks and uncertainties, including risks and uncertainties associated with meeting expected financial results, management of growth, relationships with mall developers and operators, the risk that available cash or mall space will not be adequate for planned expansion, fluctuations in sales and comparable store sales results, risks and uncertainties with respect to new store openings including risks associated with the Company's new store concepts and Internet stores, music and fashion trends, competition from other retailers, uncertainties generally associated with specialty retailing, the effect of economic conditions, the effect of severe weather or natural disasters, political and/or social changes or events that could negatively impact shopping patterns and/or mall traffic as well as other risks detailed in the Company's SEC reports, including its Quarterly Reports on Form 10-Q and its Annual Report on Form 10-K for the year ended January 31, 2004. Historical results achieved are not necessarily indicative of the future prospects of the Company, and actual results or circumstances could differ materially from the forward-looking statements.

--30--SW/la*

CONTACT: Hot Topic, Inc., City of Industry, CA Jim McGinty, 626-839-4681 x2675 Megan Hall, 626-839-4681 x2173

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: APPAREL/TEXTILES RETAIL EARNINGS SOURCE: Hot Topic, Inc.

Copyright Business Wire 2005