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Gadzooks Quarter

From: ASAP

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Gadzooks, Inc. (Nasdaq: GADZ) announced that sales for the four weeks of fiscal July ended August 3, 2002 decreased 3.2 percent to $24.1 million from $24.9 million for fiscal July 2001. Comparable store sales decreased 10.2 percent for the July period, compared to a 6.8 percent decline for fiscal July of 2001.

Sales for the 13 weeks of the second quarter ended August 3, 2002 increased 5.6 percent to $76.7 million from $72.6 million for the second quarter of fiscal 2001. Comparable stores sales declined 3.3 percent for the quarter, versus an 8.9 percent decrease for the second quarter of fiscal 2001.

For the first 26 weeks of fiscal 2002, total sales increased 8.1 percent to $155.0 million from $143.4 million for the comparable period of fiscal 2001. Comparable store sales have declined 2.8 percent for the first 26 weeks of fiscal 2002, versus a 6.8 percent decrease for the first 26 weeks of fiscal 2001.

The Company plans to release first quarter operating results before the market opens on August 20 and host a conference call to review the results at 9:30 a.m. CT the same day. To listen to the call, please dial 913-981-5522 and reference confirmation number 529161, or go to the Company's website at www.gadzooks.com .

For further details, please call 972-662-4201 to listen to Gadzooks' monthly sales commentary.

Dallas-based Gadzooks, Inc. is a mall-based specialty retailer of casual apparel and related accessories for young men and women principally between the ages of 14 and 18. The Company currently operates 435 Gadzooks stores and four Orchid stores, for a total of 439 stores in 41 states.

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