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Published on 2/1/2005 in the Prospect News Distressed Debt Daily.

Gadzooks posts $1.83 million December gain

By Ellen Chang

Houston, Feb. 1 - Gadzooks Inc. posted a $1.83 million profit in December compared to a $3.13 November loss, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Northern District of Texas

Net revenues rose to $26.01 million in December compared to $12.5 million in November.

Unrestricted cash on hand was $1.86 million compared to $2.11 million in November.

Gadzooks, a Dallas-area based apparel retailer, filed for bankruptcy on Feb. 3, 2004. Its Chapter 11 case number is 04-31486.


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