Goody’s Family Clothing, Inc. reported total sales for the fiscal month of February 2003 (the four weeks ended March 1, 2003) of $66.3 million, a decrease of 12.0% from total sales for the fiscal month of February 2002 (the four weeks ended March 2, 2002) of $75.3 million.
Comparable store sales for February 2003 decreased 11.2% from February 2002. Sales were lower than expected for the first month of fiscal 2003, which the Company believes was due primarily to continuous inclement weather in its markets during most of the month.
Looking ahead, with the shift of the pre-Easter selling season from March last year to April this year, the fiscal months of March and April 2003 should be combined for an appropriate comparison of sales results against the same periods last year.
