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Thursday March 4, 6:30 am Eastern Time
Company Press Release
Goody's Family Clothing Announces 0.4%
Increase in February Comp Store Sales and
March New Store Openings
KNOXVILLE, Tenn.--(BUSINESS WIRE)--March 4, 1999--Goody's Family Clothing, Inc. (Nasdaq/NM:GDYS -
news) today reported sales for the fiscal month of February 1999 of $62.1 million, an increase of 15.0% over
February 1998 sales of $54.0 million. Comparable store sales for February 1999 increased 0.4% over
February 1998.
In March 1999, the Company plans to open four new stores, one each in Eufaula, Alabama; Ashland, Kentucky;
Nacogdoches and Paris, Texas; and, to relocate five existing stores. As previously reported, the Company
plans to open approximately 30 new stores, relocate approximately 18 stores and remodel approximately 6
stores during the fiscal year 1999.
This press release contains certain forward-looking statements which are based upon current expectations,
plans and estimates and involve material risks and uncertainties including, but not limited to, weather
conditions; the timing, magnitude and costs of opening new stores and the ability of the Company to enter into
leases for new store locations; individual store performance, including new stores; the impact of competitors'
store expansion; the Company's financing plans; trends affecting the Company's financial condition or results of
operations; and, the general economic conditions within the Company's markets. The Company does not
undertake to publicly update or revise its forward-looking statements even if experience or future changes make
it clear that any projected results expressed or implied therein will not be realized. Additional information on risk
factors that could potentially affect the Company's financial results may be found in the Company's public filings
with the Securities and Exchange Commission. Certain of such filings may be accessed through the Securities
and Exchange Commission's web site, sec.gov.
With headquarters in Knoxville, Tennessee, Goody's is a retailer of moderately priced apparel for women, men
and children operating 257 stores in the 16 states of Alabama, Arkansas, Florida, Georgia, Illinois, Indiana,
Kentucky, Mississippi, Missouri, North Carolina, Ohio, South Carolina, Tennessee, Texas, Virginia and West
Virginia.
The Company plans to release earnings for the fiscal year 1998, which ended January 30, 1999, on March 17,
1999.
Contact:
Goody's Family Clothing Inc., Knoxville
Edward R. Carlin, 423/966-2000
More Quotes and News:
Goodys Family Clothing (Nasdaq:GDYS - news)
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