From: ASAP
Gadzooks, Inc. (Nasdaq: GADZ) today announced that sales for the five weeks of fiscal September ended October
6, 2001 increased 7.6 percent to $24.2 million compared to $22.5 million for fiscal September last year. Same store sales declined 3.5 percent from the comparable five weeks ended October 7, 2000. The Company reported a 15.2 percent
same store sales increase for fiscal September last year. For the first 35 weeks of fiscal 2001 ended October 6, 2001, total sales increased 11.8 percent to $197.9 million compared to $177.0 million for the first 35 weeks of fiscal 2000. Same store sales declined 5.2 percent from the comparable 35 weeks ended October 7, 2000. Same store sales increased 11.1 percent for the first 35 weeks of fiscal 2000. Gadzooks reported that its week two results were significantly impacted by the tragic events of September 11. Same store sales results for each of the other four weeks of the month ranged from down low single digits to up low single digits. "Given the disruption caused by the terrible events of September 11 and our challenging prior year sales comparison, we are pleased with our September performance," stated Jerry Szczepanski, chairman and chief executive officer. "Promotional activities during the month were similar to the prior year and in line with our plans." For further details, please call 972-662-4201 to listen to Gadzooks' monthly sales commentary. Dallas-based Gadzooks, Inc. is a specialty retailer of casual apparel and related accessories for young men and women principally between the ages of 14 and 18. Established in 1983, Gadzooks currently operates 415 mall-based stores in metropolitan and middle markets in 40 states. Certain statements contained in this news release may be deemed forward-looking
statements that involve risks and uncertainties. Reference is made to the "Risk
Factors" section of the Company's Annual Report on Form 10-K for the fiscal year
ended February 3, 2001, for factors that, among others, could cause the actual results of the Company to differ materially from those contained in the forward-looking statements.
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