Industry News | April 24, 2001

Schlotzsky's Same Store Sales Climb

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Schlotzsky's Inc. (Nasdaq:BUNZ) announces systemwide sales results for the quarter ended March 2001.

Same store sales for the quarter increased 2.6% over the first quarter of 2000. This represents the 25th consecutive quarter of same store sales increases for the Schlotzsky's® Deli system, which company officials believe to be one of the longest-running streaks of quarterly same store sales increases in the restaurant industry.

Systemwide sales for the quarter rose to $107.2 million, a 2.8% increase over the quarter ended March 2000 and a new first quarter systemwide sales record.

Average weekly sales for the quarter ended March 2001 were $11,611, a 6.0% increase over the first quarter one year ago.

Sales results for the Austin, Texas, market, where the company operates nine of the 21 restaurants in the market, continue to outpace the systemwide results. Austin market sales increased 21.1% in the first quarter of 2001 over the same quarter in the prior year, while average weekly sales for all restaurants in the Austin market grew 13.8% to $22,324 and same store sales grew 14.2%. Average weekly sales for the nine company-owned restaurants in the Austin market grew to $32,334 for the quarter, up 13.3% over the prior year's quarter.

Sales results discussed above include both franchised and company-owned restaurants in the Schlotzsky's® Deli system. The company will report sales results on a quarterly basis in the future.