Industry News | January 15, 2001

Schlotzsky's November Sales Edge Up November Sales Edge Up

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Schlotzsky's Inc. (Nasdaq:BUNZ) today announced sales results for the four-week period of November 2000, with systemwide sales for all restaurants reaching $31.8 million for the month, a Company sales record for November.

This represents a 1.3% increase over the same period in 1999.

Same store sales for November 2000 increased 0.4% over the prior year's sales. Average weekly sales for November 2000 were $11,052, a 4.0% increase over the same period in 1999.

Company officials noted that sales increased despite two dampening factors: unusually rainy weather and curtailed television advertising during the latter part of 2000. The Company opted to limit television advertising during the Olympics and the 2000 presidential campaign due to the spike in the costs of primetime spots that occurs around those events.

"Despite the forces of November, our sales edged up. And our preliminary analysis for December is quite positive,'' said John C. Wooley, president and chief executive officer. Company officials expect same store sales for the five-week period of December 2000 to reflect an increase in the range of 2.5% to 3.3% over December 1999.

Sales numbers include both franchised restaurants and Company-owned restaurants in the Schlotzsky's® Deli system.

Schlotzsky's Inc., founded in Austin, Texas, in 1971, is a brand licensor and franchisor of quick-service deli restaurants featuring sandwiches served on distinctive sourdough bread, along with pizzas, salads, soups and deli items. As of Sept. 30, 2000, there were 722 Schlotzsky's® Deli restaurants open and operating in 38 states, the District of Columbia and 11 foreign countries. Visit www.schlotzskys.com for more information.