Higher sales have pushed Hot Topic to a 19.3% jump in fourth quarter profit, and the teen fashion retailer says it expects its first quarter results to do better than a year ago. 

For the three months to 31 January, net income rose to $14.2m, or $0.32 per share, from $11.9m, or $0.27 per share, a year earlier.

Sales were up 7.8% to $238.0m from $220.7m, and same-store sales rose 5.2%. By division, comparable store sales rose 6.5% at Hot Topic, but fell 2.7% at Torrid.
For the full year, profit increased 23.1% to $19.7m, or $0.45 per share, compared to $16.0m, or $0.36 per share, last year.

Annual sales were up 4.5% to $761.1m from $728.1m, with comparable store sales rising 1.0%. By division, same-store sales rose 1.8% at Hot Topic, but fell 2.4% at Torrid

Hot Topic, which operates 681 Hot Topic stores and 159 Torrid stores, issued first quarter guidance in the range of a loss of $0.01 to profit of $0.01 per share. This compares with a loss of $0.03 per share in the same period a year earlier.