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Gadzooks Reports October 2003 Sales Results

From: ASAP

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Gadzooks, Inc. (Nasdaq: GADZ) today announced that sales for the four weeks of fiscal October ended November 1, 2003 decreased 29.2 percent to $13.6 million from $19.2 million for fiscal October 2002. Comparable store sales decreased 26.6 percent for the October period, compared to a 0.6 percent decline for fiscal October of 2002. Sales for the 13 weeks of the third quarter ended November 1, 2003 decreased 33.2 percent to $49.2 million from $73.7 million for the third quarter of fiscal 2002. Comparable store sales declined 31.4 percent for the quarter, versus a 5.1 percent decrease for the third quarter of fiscal 2002. For the first 39 weeks of fiscal 2003, total sales decreased 17.6 percent to $188.4 million from $228.7 million for the comparable period of fiscal 2002. Comparable store sales have declined 17.0 percent for the first 39 weeks of fiscal 2003, versus a 3.6 percent decrease for the first 39 weeks of fiscal 2002. For further details, please call 972-662-4201 to listen to Gadzooks' monthly sales commentary. The Company plans to release third quarter operating results before the market opens on November 18, 2003. The Company's management team will host a conference call to review the results at 9:30 a.m. CT the same day. To listen to the call, please dial 719-457-2692 and reference confirmation number 137519, or go to the Company's website at www.gadzooks.com . Dallas-based Gadzooks is a specialty retailer of casual clothing, accessories and shoes for 16-22 year-old females. Gadzooks currently operates 411 Gadzooks stores and three Orchid stores, for a total of 414 stores in 41 states.

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