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Gadzooks November 2002

From: ASAP

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Gadzooks, Inc. (Nasdaq: GADZ) announced that sales for the four weeks of fiscal November ended November 30, 2002 increased 1.3 percent to $23.8 million from $23.5 million for fiscal November 2001. Comparable store sales decreased 1.2 percent for the November period, compared to an 8.8 percent decline for fiscal November of 2001.

For the first 43 weeks of fiscal 2002, total sales increased 5.2 percent to $252.5 million from $240.1 million for the comparable period of fiscal 2001. Comparable store sales have declined 3.3 percent for the first 43 weeks of fiscal 2002, versus a 5.9 percent decrease for the first 43 weeks of fiscal 2001.

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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