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Gadzooks May Sales 2002

From: ASAP


Gadzooks, Inc. (Nasdaq: GADZ) today announced that sales for the four weeks of fiscal May ended June 1, 2002 increased 9.0 percent to $22.9 million from $21.0 million for fiscal May 2001. Comparable store sales were down 1.2 percent for the month, compared to an 11.2 percent decline for fiscal May of 2001.

For the first 17 weeks of fiscal 2002 ended June 1, 2002, total sales increased 10.2 percent to $101.2 million from $91.8 million for the comparable period of fiscal 2001. Comparable store sales declined 2.0 percent from the corresponding period last year. For the first 17 weeks of fiscal 2001, comparable store sales declined 6.2 percent compared to the corresponding period in fiscal 2000.

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 433 Gadzooks stores and four Orchid stores, for a total of 437 stores in 40 states.

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