Goody’s April Comps Fall 12.1%; Q1 Comps Dwon 8.1%

Goody's Family Clothing, Inc. reported total sales for fiscal periods ended April 30, 2005, compared with fiscal periods ended May 1, 2004, as follows (dollars in millions):

     ======================================================================
                              Total Sales            Percent Change
                         --------------------  ---------------------------
                                                   Total     Comparable
                           2005        2004        Sales    Store Sales
                         --------------------  ---------------------------
     Fiscal Period:
     April               $   93.2    $  100.1       -6.9%      -12.1%
     March and April     $  212.2    $  225.8       -6.0%      -10.5%
     First Quarter       $  292.7    $  302.9       -3.4%       -8.1%
     ======================================================================

The fiscal periods of March and April are shown on a combined basis due to the fact that the pre-Easter selling season occurred two weeks earlier, in March this year, compared with April last year.

“We were unable to overcome the adverse impact of unseasonably cool weather that occurred in most of our markets during the later part of April, combined with the comparison to April last year, which included the pre-Easter selling season,” commented Robert M. Goodfriend, Chairman and Chief Executive Officer. “As we previously reported, unless we were able to significantly improve sales and margins during April 2005, the Company would expect first quarter earnings to be significantly lower than the record $0.24 per diluted share reported for the first quarter last year. Based on the negative sales results for April 2005, the Company now expects to report a per share loss in the mid-single digits for the first quarter of fiscal 2005. Inventory levels on a per-square-foot basis at the end of April 2005 were about the same as the levels at the end of April 2004.”

Today, the Company opened two new stores, one each in Heath, Ohio, and Abilene, Texas; held the grand opening of a relocated store in Cullman, Alabama; and reopened a store in Birmingham, Alabama, which had been closed since March 22, 2005 due to fire. On May 19, 2005, the Company plans to open five new stores — one each in Toccoa, Georgia; Salem, Virginia; Andalusia, Alabama; and Lafayette and Opelousas, Louisiana; and hold the grand opening for a remodeled store in Paducah, Kentucky. Earlier this month, the Company closed a store in Lancaster, Ohio, and in mid-May expects to close a store in Springfield, Ohio. The Company has no further financial obligations for these underperforming closed stores.