Youth-oriented apparel retailer Hot Topic Inc has reported a rise in first quarter net income to $5.4 million, up from $4.4m in the same period a year earlier.

The California-based company also posted a 27 per cent increase in net sales to $128.1m for the quarter, up from $100.7m in the year-ago period.

At the end of the quarter, the company operated 581 stores, up from 468 stores at the same time last year.