Home / Knowledge / News / Apparel/Garments / Revenues up 7.75% at Neiman Marcus in Q3 FY'12
Revenues up 7.75% at Neiman Marcus in Q3 FY'12
29
May '12
Neiman Marcus Inc. reported financial results for the third quarter of fiscal year 2012. For the 13 weeks ended April 28, 2012, the Company reported total revenues of $1.06 billion compared to $983.8 million in the prior year.

Comparable revenues increased 6.7 percent. Operating earnings for the third quarter of fiscal year 2012 were $146.6 million compared to $123.2 million for the third quarter of fiscal year 2011, an increase of 19 percent.

The Company reported net earnings of $62.6 million for the 13 weeks ended April 28, 2012 compared to $46.2 million in the prior year, an increase of 35 percent. EBITDA for the third quarter of fiscal year 2012 was $191.2 million compared to EBITDA of $169.9 million in the third quarter of fiscal year 2011, an increase of 13 percent.

For the 39 weeks ended April 28, 2012, the Company reported total revenues of $3.34 billion compared to $3.08 billion in the prior year. Comparable revenues increased 7.9 percent.

The Company recorded operating earnings for the 39 weeks ended April 28, 2012 of $378.1 million compared to $312.3 million for the comparable period a year ago, an increase of 21 percent.

The Company reported net earnings of $151.1 million for the 39 weeks ended April 28, 2012 compared to $93.0 million in the prior year, an increase of 63 percent.

EBITDA for the 39 weeks ended April 28, 2012 was $511.9 million compared to EBITDA of $457.2 million for the 39 weeks ended April 30, 2011, an increase of 12 percent.

The Neiman Marcus Group Inc. operations include the Specialty Retail Stores segment and the Direct Marketing Segment. The Specialty Retail Stores segment consists primarily of Neiman Marcus and Bergdorf Goodman stores. The Direct Marketing segment conducts both print catalog and online operations under the Neiman Marcus, Bergdorf Goodman and Horchow brand names.

Neiman Marcus Inc

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Stefano Gallucci (left), CEO, Santex Rimar Group, and Tamer Hasbay, President, Has Group; Courtesy: Santex Rimar

Textiles | On 24th Jan 2017

Santex Rimar to market all Has products globally

Italy based Santex Rimar Group has signed an agreement with Turkey...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search