Gadzooks Reports October Sales Results
November 06 2003 - 7:58AM
PR Newswire (US)
Gadzooks Reports October Sales Results DALLAS, Nov. 6
/PRNewswire-FirstCall/ -- Gadzooks, Inc. 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 http://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. DATASOURCE: Gadzooks, Inc. CONTACT: Jim Motley, VP, CFO of
Gadzooks, Inc., +1-972-307-5555 Web site: http://www.gadzooks.com/
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