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Gadzooks October 2002 Sales

From: ASAP

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Gadzooks, Inc. (Nasdaq: GADZ) today announced that sales for the four weeks of fiscal October ended November 2, 2002 increased 3.2 percent to $19.2 million from $18.6 million for fiscal October 2001. Comparable store sales decreased 0.6 percent for the October period, compared to a 9.7 percent decline for fiscal October of 2001.

Sales for the 13 weeks of the third quarter ended November 2, 2002 increased 0.7 percent to $73.7 million from $73.2 million for the third quarter of fiscal 2001. Comparable store sales declined 5.1 percent for the quarter, versus a 3.2 percent decrease for the third quarter of fiscal 2001.

For the first 39 weeks of fiscal 2002, total sales increased 5.6 percent to $228.7 million from $216.6 million for the comparable period of fiscal 2001. Comparable store sales have declined 3.6 percent for the first 39 weeks of fiscal 2002, versus a 5.6 percent decrease for the first 39 weeks of fiscal 2001.

The Company plans to release third quarter operating results before the market opens on November 22 and host a conference call to review the results at 9:30 a.m. Central time the same day. To listen to the call, please dial 913-981-5508 and reference confirmation number 553390, or go to the Company's website at www.gadzooks.com .

For further details, please call 972-662-4201 to listen to a recorded 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 437 Gadzooks stores and four Orchid stores, for a total of 441 stores in 41 states.

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